Serbian government rejects Telekom Austria's bid for Telekom Srbija
FierceWireless May 06 11
The Serbian government has rejected Telekom Austria's revised offer of €1.1 billion for a 51 per cent holding in Telekom Srbija, and has withdrawn its sale of Telekom Srbija stating that it would not sell the telecoms firm cheaply.
While expressing regret about the Serbian government's decision, Telekom Austria said the asking price of €1.4 billion was too high and, as reported by Reuters, "economically not realisable" for the group.
However, the Austrian company confirmed it would keep its offer open to the Serbian government for three months.
While a working party and the country's Prime Minister, Mirko Cvetkovic, both came out against selling the former state telco below the asking price of €1. Full story...
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