Deutsche Telekom to offer EUR 800mn?

Belgrade, April 10. 2010 (Source:B92) - Germany's Deutsche Telekom is at this point willing to offer less than EUR 800mn for a 40-percent stake in Serbia's Telekom Srbija, reports said. The Serbian government recently decided to sell the state-owned telecommunications company in a tender, likely later this year. Now the International Communications Partners are quoted as reporting in an analysis that "it remains to be seen if the Serbian government will manage to get more money in direct negotiations". The state owns 80 percent of Telekom via Serbia's postal service, PTT. The rest is owned by Greek OTE, where Deutsche According to the same report, Belgrade believes that its 80 percent of Telekom is worth EUR 2-2.5bn, which means that they expect a price of EUR 1.1bn to 1.2bn for the 40 percent that will go on sale. Telekom holds a 30-percent stake.