Telekom Sr­bija.

Kathimerini English - - Business & Finance -

Telekom Aus­tria AG hasn’t sub­mit­ted a new bid for Telekom Sr­bija AD, the Aus­trian compa- ny and the Ser­bian gov­ern­ment said yes­ter­day, re­fut­ing a me­dia re­port that the two par­ties had ne­go­ti­ated a price for a smaller-than-ex­pected stake. “Spec­u­la­tion that ap­peared in cer­tain me­dia that 30 per­cent of Telekom Sr­bija was sold to Telekom Aus­tria for 840 mil­lion eu­ros [$1.25 bil­lion] is ab­so­lutely not cor­rect,” the Ser­bian gov­ern­ment said in a state­ment, re­fer­ring to an unattributed re­port by Bel­grade-based B92 broad­caster. As the ma­jor­ity owner of Telekom Sr­bija, Ser­bia has asked for at least 1.4 bil­lion eu­ros in cash for a 51 per­cent stake of the na­tional provider of lan­d­line, mo­bile phone, In­ter­net and mul­ti­me­dia ser­vices. Telekom Aus­tria has un­til 2 p.m. lo­cal time to­mor­row to re­con­sider its stand­ing of­fer of 950 mil­lion eu­ros in cash and 450 mil­lion eu­ros in in­vest­ments for the ma­jor­ity stake. Telekom Aus­tria has made no new of­fer, said spokes­woman Elis­a­beth Mat­tes. The gov­ern­ment in Bel­grade re­it­er­ated its ask­ing price yes­ter­day. Ser­bian op­po­si­tion groups de­manded a crim­i­nal probe last week against Prime Min­is­ter Mirko Cvetkovic and sev­eral oth­ers for al­legedly mis­han­dling the Telekom ten­der. Cvetkovic re­jected the crit­i­cism, as well as claims that the com­pany was of­fered be­low its value. Cit­i­group Inc ad­vis­ers have val­ued the en­tire com­pany at 2.43 bil­lion eu­ros. Twenty per­cent of the com­pany be­longs to Greece’s Hel­lenic Telecom­mu­ni­ca­tions Or­ga­ni­za­tion (OTE).

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