Everything must go! Hard on the heels of the news that Ukraine's state-run telco JSC Ukrtelecom is up for privatization, Global Telecoms Businessreports that the Serbian government is planning to sell half of its stake in Telekom Srbija a.d. to other European operators, raising, it hopes, at least €1.6 billion (US$2.2 billion) in the process.
The Warsaw Business Journalreports that the Orange (NYSE: FTE)-owned Polish incumbent Telekomunikacja Polska SA has reversed out of a possible bid for cable company Aster after taking a long, hard look at what it was (almost) buying.
Bulgarian fixed-line operator Vivacom is on the verge of having a new owner, reports Novinite.com. Chinese telecom tycoon Richard Li has been battling with Oger Telecom for control of Vivacom in recent months after it was put up for sale by insurance giant AIG.
And while we're in the land of the windmills... A controlling stake in Dutch fiber maker Draka Holding NV (Amsterdam: DRAK.AS) has been put up for sale, according to DutchNews.nl, citing Financieele Dagblad. Italy's Prysmian SpA , which tried and failed to buy Draka once before, is one of the parties reportedly interested in the Fentener van Vlissingen family's 43.9 percent stake.
UK cable operator Virgin Media Inc. (Nasdaq: VMED) is close to signing an agreement with Spotify following its failure to make sufficient headway with its own online music venture, according to The Daily Telegraph. The plan is for Spotify to offer new tools and content exclusively to Virgin customers, says the source cited.