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20. February 2003 - Thursday |
PTT Serbia becomes owner of 80 percent of Telecom's shares
BELGRADE - The Public Enterprise of PTT Traffic Serbia and Telecom Italy signed in Amsterdam on Thursday a contract on the purchase of Telecom Serbia shares, which made PTT Serbia the owner of 80 percent of Telecom Serbia's shares.
PTT Serbia said that the Italian company had sold all 29 percent of shares in Telecom Serbia for 195 million euros, and PTT Serbia will pay 120 million euros of this amount in four equal installments as of March 2003.
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