European Telecom Privatisations

Though a great deal of activity has occurred of late in emerging Europe's telecommunications market, the ongoing turmoil in financial markets has meant disappointment for those expecting widespread privatisations. On October 28, Telekom Srbija followed in the footsteps of Russia's Svyazinvest, stating that the company would likely shelve its privatisation until 2010. Although Svyazinvest did not give a date for the re-launch of its privatisation, it said that it will be delayed until the financial crisis subsides. Encouraged by the EU, governments throughout emerging Europe are privatising their telecoms, in an attempt to bring about greater liberalisation of the

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