Serbia has agreed to pay EUR380 million (USD495.4 million) to buy back a 20% stake in state-run telco Telekom Srbija from Greece’s OTE. Whilst the deal is yet to be finalised, Belgrade approved the price and the key elements of the proposed agreement in a meeting on 16 December. As previously reported by CommsUpdate, the Serbian government favours 100% ownership of the company, as it would make it easier to move ahead with long-delayed plans to find a new investor for the telco.
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