France Telecom (FT) has announced that it has decided not to take part in the privatisation of Serbian telecoms operator, Telekom Srbija, on the basis that it is too expensive. A number of other companies including Deutsche Telekom, VimpelCom, Weather Investments (now renamed Wind Telecom), Telekom Austria, America Movil and Turkcell have applied to take part in the tender. Final bids are expected at the end of March.
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