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Telekom Austria:No Interest In Minority Stake Of Telekom Srbija

ALPBACH -(Dow Jones)- Telekom Austria AG (TKA.VI) isn't interested in acquiring a minority stake in Telekom Srbija that the Serbian state is planning to sell, Chief Executive Hannes Ametsreiter said Thursday. The Serbian government is planning to sell a chunk of Telekom Srbija, and according to Serbian media, Telekom Austria is being speculated to be one of the most likely buyers. The company had previously declined to comment on the issue, but Ametsreiter Thursday made it clear any interest would depend on the size of the stake being offered up for sale. "If they sell only 40%, we are not interested," Ametsreiter said on the sidelines of an economic forum. "It would be of no interest to us to be a minority shareholder," he added. Ametsreiter, however, declined to comment on whether the company would consider a potential bid for Telekom Srbija if the country were to privatize more than a minority share. "If the situation changes we'll have to see. But again, we don't comment on rumors," Ametsreiter said. Serbian media cited unnamed government sources as saying a block of shares corresponding to 51% of the total share capital could be privatized. Telekom Srbija is currently 80% owned by Serbian state-owned infrastructure company PTT Traffic Srbija, while Greek Hellenic Telecommunications Organization, or OTE (OTE), holds a 20% stake. The Serbian state has hired Citigroup Inc. (C) to plan and handle the privatization of a large stake in the company later this year. The country had planned to divest a 40% stake, but Citigroup has recommended that PTT Traffic sells a stake of at least 50% of the company to make the deal attractive. -By Flemming Hansen, Dow Jones Newswires; +49 69 29725 500; flemming.hansen@dowjones.com (Natascha Divac in Frankfurt contributed to this article.)

Stock News for Hellenic Telecommunications (OTE)
DateTimeHeadline
09/02/201009:46:38Telekom Austria:No Interest In Minority Stake Of Telekom Srbija
08/05/201004:00:18OTE Swings to Net Loss Hit By Greek Economy And Taxes
06/23/201009:56:17Hellenic Telecoms Keeps Embattled CEO Vourloumis In Situ
06/15/201009:34:10Greece, China Sign New Commercial Contracts; MOU On Shipping
06/11/201008:10:28Hellenic Telecoms CEO To Face Criminal Prosecution - Source
06/07/201005:13:35Greece's OTE Lowers 2009 Dividend As Part Of Cost-Cutting
05/12/201001:45:57Deutsche Telekom Swings To Net Profit, Sales Slightly Lower
04/26/201005:57:08EARNINGS PREVIEW: European Telcos' Mobile Revenue To Improve
03/17/201009:33:51Deutsche Telekom Expands Services To Tap New Revenue Streams
11/05/200912:50:12Deutsche Tel, Telcom Italia Beat Views But Weak Points Remain
11/05/200903:26:06Deutsche Telekom 3Q Net Profit Up 7.2% On Cost Savings
11/05/200901:44:05Deutsche Telekom 3Q Net Profit Up 7.2%, Keeps 2009 View
11/03/200907:38:07EARNINGS PREVIEW: OTE 3Q Net Profit Seen -21%
10/23/200908:00:03EARNINGS PREVIEW: European Telcos 3Q Mixed; Pressure On Revenue

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