Telekom Srbija could attract Turkish investment

Two Turkish companies have reportedly expressed an interest in acquiring a stake in Serbia’s incumbent operator, Telekom Srbija.

Investment groups Sabanci Holding and Dogus Holding currently have no involvement with the mobile industry. The former is focused on banking, cement, energy, insurance, and retail; the latter invests in similar areas as well as the automotive, construction, media and tourism industries.

Previous speculation has indicated that major telecom players – including Telekom Austria and Carlos Slim – could be interested in acquiring the Serbian incumbent. A sale is attractive for the country due to its increasing debt and deficit

The Serbian government has not yet held auctions for the operator, but it is looking to raise around €2 billion from the sale, according to local media. Telekom Srbija is the leading mobile operator in the market.

 

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.