The Serbian government is planning to privatise its 58.11% stake in Telekom Serbia. This is another attempt to go public. In 2011, the government had already tried to offer a stake of 51%. Telekom Austria was the last bidder with around €1.1bn which was too low according to the government. The price should have reached at least €1.4bn. Deutsche Telekom sold its stake of 20% via its Greek subsidiary OTE for a total of €400m valuing the company at €2bn.
29 Jul 2015
Gentlemen open your wallets
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Gentlemen open your wallets
Telekom Austria AG (TKA:WBO) | 0 0 0.1% | Mkt Cap: 4,944m
- Published:
29 Jul 2015 -
Author:
Heinz Steffen -
Pages:
2
The Serbian government is planning to privatise its 58.11% stake in Telekom Serbia. This is another attempt to go public. In 2011, the government had already tried to offer a stake of 51%. Telekom Austria was the last bidder with around €1.1bn which was too low according to the government. The price should have reached at least €1.4bn. Deutsche Telekom sold its stake of 20% via its Greek subsidiary OTE for a total of €400m valuing the company at €2bn.