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Serbian government, Telenor sign sale contract for Mobi 63
Belgrade,
1 August 2006
Serbian Minister of Finance Mladjan Dinkic and Head of Telenor's Central/Eastern European operations Jan Edvard Thygesen signed today a contract on the sale of Mobi 63 to Norway's telecommunications company.
At a press conference following the signing, Dinkic said that the price of €1.513 billion that Telenor offered for Mobi 63 is so far the biggest foreign investment in Serbia.
He said that by month's end, Telenor will pay €1.155 billion to the state, as the majority owner of Mobi 63, whereas the remaining portion of the investment will go to the Austrian consortium, who purchased a share of the company Mobtel from BK Trade. Mobtel's equipment and users were taken over by Mobi 63 after Mobtel's operating licence was revoked.
Dinkic said that with this sale contract, Serbia's budget will get six times more funds that it would have got through the offer proposed by the Austrian consortium, headed by Martin Schlaff, during the talks about the takeover of the state's share in Mobtel.
According to Dinkic, the state telecommunications and postal company PTT Serbia, that took over Mobtel's claims, will be paid €50 million eight days after Telenor's purchase, out of which sum €8 million is intended for employee voluntary pension fund in the company.
The remaining €50 million that PTT Serbia should get from the state, will be paid to the company by end-June 2007, said Dinkic and added that it was agreed that Telenor will retain all 960 employees of Mobi 63.
Thygesen announced that users of Mobi 63 network will soon get better services at the same price, that the telecommunications market will be more competitive and that the company will become the leading mobile phone operator in the region.
Present at the signing ceremony were also Minister of Economy Predrag Bubalo and Norwegian Ambassador to Serbia Haakon Blankenborg, who said that the arrival of Telenor to Serbia will leave an open door to other investors from Norway.
He said that by month's end, Telenor will pay €1.155 billion to the state, as the majority owner of Mobi 63, whereas the remaining portion of the investment will go to the Austrian consortium, who purchased a share of the company Mobtel from BK Trade. Mobtel's equipment and users were taken over by Mobi 63 after Mobtel's operating licence was revoked.
Dinkic said that with this sale contract, Serbia's budget will get six times more funds that it would have got through the offer proposed by the Austrian consortium, headed by Martin Schlaff, during the talks about the takeover of the state's share in Mobtel.
According to Dinkic, the state telecommunications and postal company PTT Serbia, that took over Mobtel's claims, will be paid €50 million eight days after Telenor's purchase, out of which sum €8 million is intended for employee voluntary pension fund in the company.
The remaining €50 million that PTT Serbia should get from the state, will be paid to the company by end-June 2007, said Dinkic and added that it was agreed that Telenor will retain all 960 employees of Mobi 63.
Thygesen announced that users of Mobi 63 network will soon get better services at the same price, that the telecommunications market will be more competitive and that the company will become the leading mobile phone operator in the region.
Present at the signing ceremony were also Minister of Economy Predrag Bubalo and Norwegian Ambassador to Serbia Haakon Blankenborg, who said that the arrival of Telenor to Serbia will leave an open door to other investors from Norway.
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