Only Lazard Freres submits offer for Telekom

BELGRADE - The French company Lazard Freres SAS is the only one to submit an offer to become an adviser for the privatisation of Telekom Srbija, Telekom Srbija stated on Friday.

"The commission determined that the offer was submitted within the deadline and that the offering party presented all the necessary documents. Telekom Srbija will decide on whether the offer is acceptable within the legal dealine," the statement says.

The adviser's job in the first stage is to estimate the value of the company, conduct an economic and legal analysis, research the market, suggest privatisation models and prepare the deadlines and methods for the privatisation.

After the first stage, in case the majority shareholder picks one of the privatisation models, the second stage will start, where all the activities will be coordinated by the adviser, from the invitation for bids to the end of the transaction.

The public opening of the bids as part of the tender for management consulting services, that is expert help in proposing a privatisation model for Telekom Srbija, was held at the company's premises on Friday.

Photo Tanjug, D. Peternek (illustration, archive)