SBB

Sweden's troubled real estate group SBB said Monday it may sell assets or the entire company as the country's property sector struggles in the face of rising interest rates.

SBB reported a loss of 2.9 billion kronor ($360 million) in the first quarter as housing prices fell in Sweden after the central bank raised borrowing costs to battle high inflation.

Telenor Serbia has filed a lawsuit before the competent judicial authorities in Serbia for unfair market competition against United Group B.V. Netherlands, Srpske kablovske mree d.o.o. Beograd, Adria News s.a.r.l. Luxembourg, and Adria News d.o.o. Beograd.

Fahrudin Radoncic  Photo: EPA/FEHIM DEMIR

"We did not talk about any names, as that decision will be discussed in the following weeks," Adisa Omerbegovic Arapovic, the vice president of SBB, said in Sarajevo on Thursday, answering questions about whether Radoncic was promised the Bosnian Ministry of Security.

Telekom Srbija Group's Internet and Multimedia Coordinator and m:tel Director Vladimir Lucic said this in an interview with the daily Blic, adding that the company expect these acquisitions to be completed in the first quarter of this year.

The buyer is British company BC Partners, the Wall Street Journal reported on September 27, according to Beta agency.

United Group, created in 2007 in a merger of SBB, Telemach Slovenija and Telemach Bosna, is the owner of cable provider SBB in Serbia, Telemach in Slovenia, Bosnia-Herzegovina and Montenegro, and TV channels Sport Klub, N1, Cinemania, TOP, Ultra, Grand and others.

TV N1's news director in Serbia, Jugoslav Cosic, has warned that Serbia's Ministry of Culture and Information is preparing a media strategy that he says could eliminate the presence in the country of CNN's news channel affiliate in the region.

An Italian train derailed in the central Swiss city of Lucerne on Wednesday and one carriage tipped over, authorities said. At least three people were injured.
The train from Milan, Italy, to Basel derailed shortly before 2 p.m. as it was pulling out of Lucerne’s main train station, Swiss railway company SBB said.

Cable, internet, and landline telephony provider SBB has acquired 100 percent of the IKOM company.

IKOM also provides cable, internet, and landline telephony services.

KKR Global Institute chairman David Petraeus says this investment fund has invested USD 1.5 billion in telecommunications in the former Yugoslavia.

EBRD: Serbia "on good reforms path"

BELGRADE -- Serbia is on "a good path in reform implementation and has laid good foundations for long-term development."

This is what experts of the European Bank for Reconstruction and Development (EBRD) - which predicts a minimal 0.5 percent economic growth for Serbia in 2015 - said on Wednesday.