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Serbia's anti-trust body looks into Telekom Srbija's proposed buy of Telemark

Author Radomir Ralev
Serbia's anti-trust body looks into Telekom Srbija's proposed buy of Telemark Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic.

BELGRADE (Serbia), March 18 (SeeNews) - Serbia's competition authority said it is considering the proposed acquisition of local cable operator Telemark Systems by state-controlled Telekom Srbija.

The regulator will check whether Telekom Srbija would achieve a dominant market position by purchasing the Cacak-based Telemark Systems, according to a notice published by the Commission for Protection of Competition.

Telekom Srbija applied for approval of the acquisition of Telemark Systems in December, the anti-trust body said. Financial details were not disclosed.

The Serbian government controls a 58.1% stake in the capital of Telemark Systems, 20% is owned by the company itself, while the remainder is in the hands of minority shareholders, the anti-trust watchdog added.

Telemark Systems owns a cable distribution network in Cacak, Kraljevo, Gornji Milanovac, Pozega, Lucani, Guca, Kosjeric, Baljevac and Usce. The company also operates the Telemark TV channel.

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