Deutsche Tel would block Serbian bids

Deutsche Telekom will veto a proposed privatization of Telekom Srbija so it can gradually increase its stake in the telco, a leading trade unionist claims.
Milorad Joksimovic, president of the Telekom Trade Union, said a proposed sale of 40% of the national carrier would be unsuccessful, because Deutsche Telekom was keen to ensure no other player held a stake larger than its current 20% share.
Joksimovic called for the proposed sale to be postponed until the telco can pay off debts of €630 million owed to Citigroup Global Markets, which has submitted an offer for the 40% stake, business news site reports.
Deutsche Telekom has previously refused to comment on reports it was looking to increase its holding in Telekom Srbija, after Serbia’s Prime Minister Mirko Cvetkovic unveiled plans for a sell-off in April.
If the sale goes ahead, the buyer would immediately gain control over the state telco, with the Serbian government, Deutsche Telkom, and Greece’s OTE each holding a 20% stake.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.