BELGRADE – Serbia’s state owned Telekom Srbija will situation a 500 million euro ($543 million) Eurobond, most definitely in Luxembourg or Frankfurt, its chief government mentioned on Tuesday.
Telekom Srbija is the biggest web and cable TV supplier in Serbia, a majority shareholder in Bosnia’s second-largest telecom operator Telekom Srpske and in addition controls Montenegrin cellular operator M:Tel.
“It will open risk for a fast response in case of any new acquisition alternatives within the area,” its CEO Vladimir Lucic informed Reuters in a phone interview.
Lucic earlier informed Tanjug information that a number of the cash raised may also be used for infrastructure improvement.
Serbia owns 58.11% of Telekom Srbija, whereas the corporate holds 20%, staff 6.94% and Serbian residents 14.95%.
Lucic mentioned it expects 17 billion dinars ($157 million) internet revenue in 2022, practically 30% larger than final yr.
($1 = 0.9209 euros)
($1 = 108.3400 Serbian dinars)
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