State-backed incumbent Telekom Srbija has invited bids for an adviser to consult on the company’s privatisation. SeeNews writes that the telco issued the request in early February with the deadline for bids set at 6 March and a winner to be named by 31 March. The candidate with the most economically favourable bid will be awarded the contract. The consultant will advise the company on the preparation and implementation of the privatisation process, draft a valuation of its capital, find a strategic partner, prepare tender documents and carry out the sale process. Telekom is owned by the state (58.11%), itself (20.00%), private shareholders (14.95%) and employees (6.94%).
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