Working group opposes acceptance of Telekom Austria’s offer

Working group opposes acceptance of Telekom Austria’s offer

The working group for the sale of Telekom Serbia recommended to the Serbian Government not to accept the offer of Telekom Austria of 1.1 billion euros for a majority stake in the company, because it does not meet the financial requirements of the tender, the Serbian Ministry of Finance communicated. Tender for the sale of 51% stake in Telekom Serbia was announced on October 20 last year, and the Serbian Government determined the amount of 1.4 billion euros as a minimum price for sale of shares.