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General

America Movil to bid for Telekom Srbija - report

Monday 3 August 2015 | 11:27 CET | News
Telekom Austria will not participate in the bidding for Telekom Srbija due to concerns about its balance sheet. Instead, the majority owner of the Austrian company, Mexico's America Movil is likely to submit an offer for the Serbian operator, according to Austrian paper Kurier. Although Telekom Austria has expressed interest in Telekom Srbija, most likely it will not submit a binding offer due to a lack of available funds, according to the report. With its current cash position, another capital increase would be necessary for the purchase of Telekom Serbia, which is expected to sell for about

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Categories: General
Companies: A1 Telekom Austria / America Movil / Telekom Srbija
Countries: Serbia
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