RS extends bid deadline for Telekom Srpske stake

25 Sep 2006

The privatisation committee of Bosnia & Herzegovina’s autonomous Republika Srpska (RS) has extended the deadline for bids for the region’s incumbent operator Telekom Srpske from 4 October to 3 November. The extra time has been granted to allow bidders to better acquaint themselves with Telekom’s operations, according to the RS Minister of Transport and Communications, Nedeljko Cubrilovic. Eleven international companies have shown an interest in the sale of a 65% stake in Telekom, according to Reuters. Tender documents for the privatisation have reportedly been purchased by Telekom Serbia, Mobilkom Austria, Magyar Telekom of Hungary and Russia’s Sistema Telecom. Further interest has come from Elisa Communications of Finland, Iceland’s Matav Madarska Novator, Telenor of Norway, Valiva of Switzerland and Planetsky of Cyprus, all of which have signed a confidentiality statement showing interest in the purchase of the documents.

Bosnia and Herzegovina, Telekom Srpske,

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