| Description: | Telekom Srbija" a.d. with its head office in Belgrade, Takovska 2, was incorporated as a joint stock company in June 1997. In direct sale, 49% of share capital worth DEM 1.568 billion was privatized - 29% was purchased by Italian STET and 20% by Greek OTE.PE PTT Traffic "Srbija", that is, the Republic of Serbia as a founder, owns 80% of the shares, after the buy-back of the Italian share in 2003, and a gold share with the right to veto on all important strategic decisions made by the Managing Board. The Managing Board is composed of the representatives of the two Shareholders in proportion to the capital stake."Telekom Srbija" a.d. employs 13.000 people. |
