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General

Deutsche Telekom also eyeing Telekom Srbija - report

Wednesday 29 July 2015 | 12:16 CET | News
Besides Telekom Austria, Deutsche Telekom is also eyeing the 58 percent stake up for sale in Serbian operator Telekom Srbija, three people familiar with the matter told Reuters. According to the same sources, the bids will likely value Telekom Srbija at four to five times its expected annual EBITDA of about EUR 400 million. Serbia has invited companies to file non-binding bids by 2 August. Deutsche Telekom, Telekom Austria and the Serbian government declined to comment.

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Categories: General
Companies: A1 Telekom Austria / Deutsche Telekom / Telekom Srbija
Countries: Serbia
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