The final decision on Telekom Srbija’s privatisation will be made by the state of Serbia, according to Pedrag Culibrk, the company’s CEO.

Speaking to the magazine Biznes and quoted by Mondo, he also said the question of to what extent now is a good time to sell the company is “philosophical” and that price would play a very important role in the Serbian government’s decision.

Culibrk pointed out that the collection of offers for Telekom Srbija is a two-stage process, monitored by the privatisation advisor Lazard. He also spoke of market developments such as the emergence of new OTT operators, among them Viber, WhatsApp and Skype, and the need for operators to now offer integrated services.

Separately, quoted in the local press, Serbia’s economy minister Zeljko Sertic said that several companies and investment funds have already expressed an interest in Telekom Srbija.

He added that the deadline for non-binding offers is August 3, after which a list will be produced of parties expected to lodge binding offers.