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Serbia says won't sell telecom stake for less than previous 1.1 bln euro bid
August 12, 2015 / 12:44 PM / 2 years ago

Serbia says won't sell telecom stake for less than previous 1.1 bln euro bid

BELGRADE, Aug 12 (Reuters) - Serbia expects to reap more than the 1.1 billion euros previously offered for a majority stake in its biggest telecom company, or the government will not sell, Prime Minister Aleksandar Vucic said on Wednesday.

A previous government in 2011 rejected 1.1 billion bid by Telekom Austria for a 51 percent stake in Telekom Srbija. Vucic’s government has put 58 percent up for sale and is expected to name the bidders next week.

“We expect a significantly higher offer,” Vucic told a news conference. “If we don’t get that we will not sell.”

Reporting by Ivana Sekularac; Editing by Matt Robinson

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