No sale of Telekom Srbija’s majority stake until early 2009 (Serbia)

Serbia’s government seems in no mood to begin discussions on the sales of Telekom Srbija’s majority stake until early 2009. Deutsche Telekom has reportedly shown interest in the acquisition of stake. Belgrade is expected to select a privatisation consultant to advise on the sale of the telco in the next few days; seven international investment banks are believed to be competing for the contract.