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Daily: Govt. puts EUR 2.5bn price tag on Telekom

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The government wishes to sell the state-run telecommunications company Telekom Srbija only if it can find a buyer willing to pay EUR 2.5bn for 100% ownership

According to Belgrade-based Blic daily, so far there has been no investor who officially contacted the government with the desire to become “a strategic partner for Telekom”.

A government source said that contacts with possible investors have been “mostly informal”, and added:

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“We know that a Russian and an American company are interested, but there have not been any official talks on this subject yet.”

In case this occurred, the source explained, an international tender would be called, preceded by several months of preparation procedures.

Meanwhile, the media have quoted the owner of the Russian financial corporation AFK Sistema, who last week said the company was considering participating in the privatization of Telekom, and that a decision would be made soon.

AFK was founded in 1993 and is one of the ten most profitable Russian companies, ranked 315 on the Fortune Global 500 list.

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