Only one bid for consultant in Telekom Serbia

 
Belgrade, May. 15. 2010 (Serbia Today) - The only bid in the tender for the adviser for the sale of state shares in Telekom Serbia, was submitted by a U.S. company “Citygroup global markets". This indicates that a Serbian state company will not attract a high price, said a consultant for foreign investments Mahmud Busatlija. He adds that now is the question of whether the bid is to stay in the game or it is a the idea of good strategy for selling. "That, unfortunately we can not know until we see whether the government chooses them and what would be their first steps in the consultation - whether to stay in this or to exceed more than 50 percent of shares for sale, which would slightly improve the cost," Busatlija said. Ministry of Finance announced that the tender committee will assess whether the technical part of the offer meets the conditions of the tender, which will be known within two weeks. In addition to 80 percent of the shares of Telekom owned by the state, the remaining 20 percent belongs to the Greek "OTE", in which Deutsche Telekom has 30 percent equity. Actually it was "Deutsche Telekom" until now mentioned as the most serious buyer of "Telekom Serbia". According to previous announcements from the Government, it is expected that the tender for the sale of shares of Telekom will be announced in the late summer or early fall.