News

The Serbian government has announced it will sell a stake in its most profitable state-run company, Telekom Srbija.



The government will sell half of its 80% stake in the company. Greece's OTE holds the other 20%. Deutsche Telekom, France Telekom and Egypt's Orascom have all shown interest in the international tender.



If Deutsche Telekom buys the 40% share, it will have a controlling stake in the company as it is already a partial owner of OTE.



Besides landline phones, Telekom Srbija also operates the MTS mobile phone network and supplies broadband Internet and cable television services.



Norway's Telenor purchased a 10-year landline license in January, stripping Telekom Srbija of its monopoly over the services.