Bosnian Telco in Talks to Buy Out Montenegro Network Shareholders
Published on: 22nd Jan 2010
Note -- this news article is more than a year old.
Bosnia's Telekom Srbija has confirmed that it is in talks to buy out its 49% minority shareholder in the Montenegro based mobile network operator, m tel. The stake is held by Dutch based Ogalar, who had been reportedly in talks with Telekom Slovenia for a sale.
"The management of Telekomunikacija RS has started negotiations with company Ogalar B.V. Amsterdam regarding the purchase of a 49 percent stake in the company m:tel Podgorica," Telekom Srpske said in a statement.
Telekom Srbija will end up with complete ownership of the company, which holds 28.5% of the local mobile market, if the talks are completed satisfactorily.
A local media report suggested that the talks were being carried out through Telekom Srbija's subsidiary, Telekom Srpske in order to avoid involving Greek operator OTE which owns a 20 percent stake in the company.