Telekom Srpske will not be sold for less than EUR350 million, says PM

11 Apr 2006

Milorad Dodik, Prime Minister of Republika Srpska (RS) – the predominantly Serbian region in the north and east of Bosnia & Herzegovina – has put a minimum price of EUR350 million on the state’s 80% stake in the country’s second largest fixed line operator, Telekom Srpske, according to local news agency Fena. In February the government appointed Raiffeisen Investment to prepare an international tender for the sale of the state’s stake in Telekom Srpske. Deutsche Telekom’s Hungarian unit, Magyar Telekom, has been tipped as a potential bidder, alongside Telekom Austria, Telekom Slovenije and Vodafone, and the tender is expected to launch in May.

Telekom Srpske was established on 10 December 1996 when the former PTT of RS was split up into separate entities for telecoms and postal services. It offers fixed line services in RS with headquarters in Banja Luka and had an estimated 330,000 lines in service by the end of 2004. The telco’s mobile division Mobi’s was founded and launched its first GSM-900 services in 1999. Unlike its parent company, Mobi’s has networks covering the whole of Bosnia and Herzegovina and offered coverage to over 90% of the population by June 2005; it had 571,782 mobile users by the end of 2005.

Bosnia and Herzegovina, Telekom Srpske,

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