China Telecom joins eight companies interested in acquiring a 58% stake in Serbia's Telekom Srbija
China Telecom has joined eight other companies interested in acquiring a 58% stake in Serbia's largest telecom provider, Telekom Srbija, as it looks to expand its telecommunications sector.  Though the other eight companies have not been named, it is rumoured that Deutsche Telekom is one of them.

Business & Economy China Telecom interested in buying Telekom Srbija China Telecom is interested in buying Serbia's state-owned telecommunications company Telekom Srbija (Serbia). Source: Tanjug Wednesday, November 4, 2015 | 14:19 Tweet Share

The first meeting has been held with representatives of this Chinese company at the Serbian government, said Tatjana Matic, state secretary at the Ministry of Trade, Tourism and Telecommunications.

She told reporters in the Serbian parliament that "the interest is there, and the Chinese can purchase the tender documents."



Matic said the Chinese company was appearing as a new interested party "in this phase."



The Privatization Agency on July 3 published an open call for participation in the sale of capital of Telekom Srbija. The bids should be announced on November 16.



Recent media reports mentioned Deutsche Telekom as a potential buyer - specifically, that the Germans were attempting to enter the Serbian market via the U.S. investment fund Apollo.