In accordance with Article 8 of the Decree on conditions, manner, and procedure of sale of capital of large privatisation entities by method of public collection of bids (Official Gazette of the Republic of Serbia no. 56/2015 - hereinafter referred as: “Decree”), the Privatisation Agency (hereinafter referred as: “Agency”) announces:
PUBLIC INVITATION
for collection of non-binding bids concerning the procedure of sale of capital of Telekom Srbija AD Beograd by sale of shares owned by the Republic of Serbia by method of public collection of bids
procedure code: ЈP 100/15
The Agency invites all interested domestic and foreign legal entities which fulfil qualification conditions set out in point 1 of this public invitation for participation in the privatisation procedure of Telekom Srbija AD Beograd (hereinafter referred to as: “Privatisation Entity”) by model: sale of capital and by method: public collection of bids (hereinafter referred to as: “Procedure”) to submit non-binding bids for acquisition of public capital of the Privatisation Entity expressed in shares.
- Qualification conditions for participation in the Procedure
The applicant (or any of its affiliates or, in the case of a consortium, the lead member of the consortium independently) has to demonstrate that:
1.(a) It has been a provider of mobile telecom services over the last 3 (tree) years, and
(b) In its last 3 audited fiscal years, it had average annual revenues related to telecom services exceeding EUR 500,000,000; or
2. It has raised in total funds of at least EUR 500,000,000 over the last 10 (ten) years; or
3.It had assets under management of at least EUR 2,000,000,000 as of end 2014;
or
4. It has been an investor in the last 10 (ten) years via a minimum equity shareholding of 10% in at least one telecom operator with annual revenues related to telecom services exceeding EUR 500,000,000 in at least one given year of the investment period.