How to form a new government
The government launched an initiative for the privatization of "Telekom Srbija". The privatization advisor in the process of selling the company is the firm Lazar frer SAS
On June 25, 2015, the Government of the Republic of Serbia adopted the Conclusion initiating the initiative for the privatization of the Telecommunications Company "Telekom Srbija" AD Belgrade, and obliged the Ministry of Economy and the Privatization Agency to implement this conclusion.
( "Telecom Serbia" privatization initiative launched Serbian government website)
The State Secretary in the Ministry of Economy, Miloลก Petroviฤ, said at the expert-scientific meeting "Telekom today and tomorrow" that no one disputes that "Telekom" is an important company that does well, pointing out that, nevertheless, one should ask what would happen in the coming years and whether "Telekom" would be able to survive in the race with global competition on the telecommunications market.
"Is it better to practice on our own or to learn from the best and find a good strategic partner", Petroviฤ asked, recalling that the privatization advisor for Telekom - the French company Lazar - was chosen.
In March, "Telekom Srbija" accepted the offer of the French consulting firm Lazar frer SAS to provide the services of a privatization advisor in the process of selling the company.
The adviser is expected to determine the proposal for the privatization model of "Telecom Serbia" within two months.
In the following period, the advisor will first evaluate the value of the company, economic and legal analysis, as well as market analysis.
The consultant is then expected to propose privatization models and prepare a time and methodological plan for the implementation of that process.
Based on the proposal of the privatization advisor, the majority shareholder, the Government of Serbia, should make a decision to continue the privatization process and choose one of the proposed models for the sale of Telekom shares.
This should start the second phase of Telekom's privatization.
(Petroviฤ: "Telekom" should learn from the best for the sake of the futureWebsite of the Ministry of Economy, May 9, 2015 )
Evening news.
The newspaper states that the French Lazard, as a privatization advisor, should also submit an estimate of the value of the only state teleoperator, and that they are, according to unofficial information, from 2,5 billion to 10 billion euros.
"Deutsche Telecom", "Telecom Austria", as well as some large foreign investment funds, are interested in the purchase, reports Novosti.
The newspaper Blic states that Lazard has already submitted to the Government of Serbia a proposal for possible privatization models of Telekom, and the French have directed the development of possible sales scenarios to a government working group chaired by the Minister of Trade and Telecommunications, Rasim Ljajiฤ.
In addition to him, the working group includes ministers ลฝeljko Sertiฤ and Duลกan Vujoviฤ, as well as Telekom's general manager Predrag ฤulibrk.
Consulting company Lazar (Lazard) founded in 1848, operates in 43 cities in 27 countries around the world - in North America, Europe, Asia, Australia, Central and South
America and is engaged in strategic issues, capital restructuring, corporate finance, as well
and asset management and services to corporations, partnerships of institutions, governments and individuals.
The Serbian media previously reported that the sale of Telekom in the Lazar company was entrusted to a section headed by the former Serbian Minister of Finance Bozidar Djelic , who, according to the website of the Lazar company, was hired on January 6, 2014 as the managing director of the Paris-based sovereign advisory group as a man who "has an exceptional mix of expertise in public policy, finance and consulting," as Matthieu Pojo said at the time Pigasse) general manager of the Lazar France division.
In the news about the appointment, the Lazar firm points out that Mr. ฤeliฤ has more than 20 years of experience in the public and private sector, including eight years as a prominent member of the Government of Serbia, that he was the Deputy Prime Minister, the Serbian Minister between 2007 and 2011 and led negotiations on the entry to the European Union, that he was also the Minister for Science and Technological Development, and from 2001 to 2004 the Minister of Finance and Economy
Serbia, and between 2005 and 2007 he was the director of Credit Agricole for Eastern Europe and
the former Soviet Union. Before 2001, he was a partner of McKinsey & Company in Paris
and Silicon Valley offices, specializing in financial institutions, media and technology, and pre
advisor to the Russian and Polish governments, that he holds a master's degree from Harvard Business School, and the JF KennedySchool of Government at Harvard University and a master's degree in economics from the School of Advanced Social Studies in Paris, that he graduated from the French Business School HEC and the Institute for Political Studies ( summa cum laude) - and that his engagement will be beneficial for the company's clients.
. For more information about Lazar, visit www.lazard.com.
Group profile
In addition to "Telekom Srbija" ad Belgrade as the parent company, part of the group consists of the following related legal entities: Telekom Srpske ad Banja Luka (and/or Mtel ad Banja Luka), mtel DOO Podgorica, Telus ad Belgrade, FiberNet DOO Podgorica, TS:NET BV Amsterdam, HD-WIN doo Belgrade (TV Arena Sport), DIMEDIA GROUP SA Geneva and mts bank ad Belgrade.
Participation of "Telekom Srbija" ad Belgrade in the capital of related legal entities:
"Telekom Srpske" ad, Banja Luka 65%
"m:tel" doo, Podgorica 51%
"Telus" ad, Belgrade 100%
"FiberNet" doo, Podgorica 100%
TS:NET BV, Amsterdam 100%
HD-WIN doo, Belgrade 51%
DIMEDIA GROUP SA Geneva 50%
mts bank ad Belgrade.
Mtel AD, BANJA LUKA
Telekomunikacije Republika Srpska ad (Telekom Srpske ad Banja Luka and/or Mtel ad Banja Luka), with headquarters in Banja Luka, has been the legal successor of JODP for telecommunications of the RS since November 2002. Namely, in 2002, based on the Law on Privatization in the Republic of Srpska and the Decision of the Government of the Republic of Srpska, 20% of the state capital of the related legal entity was privatized. The decision of the Basic Court in Banja Luka dated December 12, 2002 registered the name change to Telekomunikacije RS ad, Banja Luka and the status change by selling part of the state capital. On June 18, 2007, by purchasing 65% of the state capital, Telekom Srbija ad Beograd officially became the majority owner of the related legal entity Telekom Srpske ad Banja Luka.
On February 1, 2010, Mtel ad Banja Luka signed a contract for the purchase of a 49% stake in the company Mtel doo, Podgorica, and by the end of March of the same year, it had paid the entire agreed amount.
The ownership structure is as follows:
Telekom Srbija ad Belgrade 65%
Republika Srpska Pension and Disability Insurance Fund 10%
ZIF Zepter Fund, Banja Luka 5%
Republika Srpska Restitution Fund 5%
Other shareholders 15%
The main activity is the provision of telecommunication services in the field of fixed and mobile telephony in domestic and international traffic, Internet, as well as multimedia services. The company is also registered for the provision of other telecommunications services, including other fixed telephone services, data transmission, line lease, private lines, services in the entire network area, additional services in the field of mobile telephony and additional services.
mtel DOO, PODGORICA
In 2007, in a consortium with Ogalar BV, Amsterdam, the parent company Telekom Srbija ad Beograd was granted a special license for the construction, ownership and exploitation of a mobile public telecommunications network and the provision of mobile public telecommunications services, as well as a license for the provision of public telecommunications services via a fixed line. of wireless access (WiMax) in Montenegro. To that end, on April 4, 2007, a new legal entity, mtel DOO, was established, in which the parent company is the majority founder with 51% of the capital.
On February 1, 2010, the Agreement on the sale of a minority share in a related legal entity was signed between Ogalar BV and Telekom Srpske ad, Banja Luka. On February 16, 2010, the Central Registry of the Commercial Court in Podgorica submitted the Certificate of Change of Founder, which registered the ownership transformation in the company mtel DOO, Podgorica.
The ownership structure of the capital of the aforementioned related legal entity based on recapitalization is as follows:
Telekom Srbija ad Belgrade 51%
Mtel ad Banja Luka 49%.
The main activity is the provision of telecommunication services in the field of mobile and fixed wireless telephony, as well as Internet services.
TELUS AD, BELGRADE
The company for the maintenance and provision of facilities, property and other services Telus ad, Belgrade, was founded by the Decision on the separation of hygiene, regular maintenance of business premises and physical security, which was adopted by the Board of Directors of Telekom Srbija ad Belgrade on March 31, 2005.
The related legal entity Telus ad was founded as a closed joint stock company and Telekom Srbija ad Beograd is the sole founder.
The main activity is the provision of maintenance services and provision of facilities and property, as well as other related auxiliary services.
FiberNet DOO, PODGORICA
On July 8, 2008, the parent company Telekom Srbija ad Beograd concluded a Joint Venture Agreement with ลฝeljeznica Crne Gore for the installation, exploitation and maintenance of the optical and energy cable along the Bar-Vrbnica line. Consequently, on December 3, 2008, the Board of Directors of the parent company passed the Decision on the establishment of the related legal entity FiberNet doo, Podgorica.
FiberNet was established as a limited liability company and the Parent Company is the sole founder and owner.
The main activity is the construction, ownership, exploitation and maintenance of transport and telecommunication networks, as well as the provision of telecommunication services.
TS:NET BV, AMSTERDAM
On February 5, 2010, the related legal entity TS:NET BV was registered with its seat in Amsterdam, the Netherlands, in which the parent company Telekom Srbija ad Beograd is the sole shareholder. The mentioned related legal entity was established in the form of a closed joint stock company with limited liability.
The main activity is the rental of telecommunication equipment and the performance of other related activities in order to create conditions for the construction and exploitation of the international transport network of the parent company.
HD-WIN doo, BELGRADE
On July 13, 2011, the Board of Directors of the parent company Telekom Srbija ad Beograd passed the Decision on joining the Telecommunications Company HD-WIN doo, Belgrade.
On August 2, 2011, the parent company recapitalized the aforementioned company and thereby acquired ownership of 51% of the capital of the related legal entity, as well as management rights, so that after the recapitalization and the change of one of the minority owners that followed in 2014 , ownership structure as follows:
Telekom Srbija ad Belgrade 51%
Goran Djakovic 40%
Myd Sports SA, Geneva, Switzerland 9%.
HD-WIN doo deals with cable telecommunications through the "Arena Sport" TV channel and is the holder of the rights to broadcast sports channels in the territory of the Republic of Serbia, Bosnia and Herzegovina, Montenegro, Macedonia and Croatia.
DIMEDIA GROUP SA, GENEVA
DIMEDIA GROUP SA, Geneva, Switzerland is engaged in activities in the field of telecommunications and multimedia, including the sale and production of software, as well as investment and participation in all companies, Swiss and foreign, active in the same field.
In March 2014, the parent company Telekom Srbija ad Beograd acquired ownership of 50% of the shares of DIMEDIA GROUP SA, based on the concluded contract for the sale of shares, in order to ensure efficient access to potential markets in order to increase the number of users of the most modern types of telecommunications services.
mts bank ad, BELGRADE
mts banka ad Beograd (formerly Dunav banka ad Beograd) deals with banking business - other monetary intermediation.
The parent company Telekom Srbija ad Beograd, after the procedure of simultaneously reducing and increasing the share capital of the then Dunav banka by the Assembly of the said bank, based on the Subscription Agreement, concluded in December 2014 with the companies Dunav osiguranje and Dunav RE and after the payment made to in the process of increasing the basic capital, acquired ownership of 57,89% of the shares of mts banka. In the manner described, the prerequisites for starting the provision of mobile banking services to users of the telecommunication services of Telekom Srbija ad Beograd have been created.
The decision of the Government of Serbia to initiate the sale process of "Telecom Srbija" is harmful for the state of Serbia, its citizens and is a continuation of economic policy dictated by the International Monetary Fund. It is scandalous that the Government of Serbia remained deaf and ignored the warnings of the DSS and the Dveri Movement, experts and trade unions that the sale of the company is economically and socially unjustified, harmful to the scientific and technological development of Serbia and carries great security risks.
There is no economic reason to sell a company that in 2013 made 15,3 billion dinars in profit, invested 14 billion dinars in development, repaid a loan of 200 million euros and paid 5,5 billion dinars to the Serbian budget. A possible sale would lead to massive layoffs, as evidenced by the experience from the region, where about 50 percent of the company's employees were fired.
The foreign owner's reorientation towards its subcontractors and suppliers will also leave domestic companies without work and lead to the dismissal of a large number of engineers and technicians who work in those Serbian companies today.
We request the Government of Serbia to reverse the decision to initiate the sale of Telekom Srbija, and we ask the President of Serbia, Tomislav Nikoliฤ, whether he will file a criminal complaint against the current Prime Minister, Aleksandar Vuฤiฤ, as he did against then Prime Minister Mirko Cvetkoviฤ in 2011 due to the sale of Telekom. We warn the government that, if the sale of Telekom is not abandoned, the Democratic Party of Serbia and the Door Movement will organize a large popular protest against this privatization, but also against the sale of EPS, agricultural land and the most important state resources, because this way the citizens of Serbia would become serfs in their own country.
( The government to cancel the decision on the sale of Telekom DSS,
June 26, 2015 )
Interview: Branko Stamenkoviฤ, public prosecutor of the Supreme Public Prosecutor's Office
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