Telekom Serbia has sold antenna poles and accompanying infrastructure managed by the company Sky Towers Infrastructure. The new owner of the Sky Towers Infrastructure company is Actis Luna Telecom Tower d.o.o. Belgrade, owned by the company ACTIS EU GP S.A R.L. from Luxembourg.
The purchase price is most likely around 420.4 million euros, which is the amount of the secured claim in favor of Telekom.
This is part of the Western Balkans Towers project, and Actis’ financing for the acquisition of Telekom’s company managing this infrastructure includes international financial institutions – IFC and EBD.
The new owner, the company Sky Towers Infrastructure, has already pledged, specifically, pledged 100% of the shares in this company.
Although the purchase price has not been disclosed, according to the resolution on establishing a pledge in the APR register, it can be inferred that it is not less than 420.4 million euros, the amount of the secured claim.
The creditor is Telekom Serbia, and the secured claim is 420.4 million euros, while the maximum claim is 504.48 million euros, as seen in the Pledge Register at the APR.
The maturity date of the claim is at the end of this month, namely January 31st, 2024.
The new owner of Telekom’s company was registered in the Business Registers Agency on December 29, 2023, when a new management was also appointed.
Telekom, recall, in the first half of last year in Serbia, as well as through its subsidiaries in Montenegro and Bosnia and Herzegovina, founded three companies under the same name – “Sky Towers Infrastructure” based in Belgrade, Podgorica, and Banja Luka.
In practice, by buying the Belgrade company Sky Towers Infrastructure, Actis became the owner of the Podgorica and Banja Luka companies with the same name.
Sale of 1,827 Telekom antenna poles
That the British company Actis, through a Luxembourg-based company, plans to purchase 1,827 Telekom Serbia antenna poles and accompanying infrastructure located in Serbia (995 antenna poles), Bosnia and Herzegovina (725), and Montenegro (107) was revealed by BIRN in an article published on November 25th.
Since mid-November, Telekom has been increasing its share capital by bringing in – into the Serbian company, antenna poles, transformer stations, and other equipment worth about 4.8 billion dinars, which is about 41 million euros, while in the Montenegrin company, it brings in assets worth two million euros (EUR 2,058,972 non-cash capital).
The Belgrade company then becomes the owner of the Podgorica-based company with the same name and the one registered in Banja Luka.
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