CFOAS (www.ufds.rs) is a business association founded in 2014 in Belgrade, devoted to the professional development of financial managers and strengthening their operations in Serbia.
Main objectives of the Association are increasing individual performances and the interconnection of its members and strengthening the role of the Association in the economical field and institutions of importance. CFOAS members manage finance sector in companies that generate EUR 4 billion in revenue and employ 30,000 people.
Source: CFO Association of Serbia >>
The Serbian competition authority, i.e. Commission for Protection of Competition has conditionally approved the acquisition of the Serbian cable operator IKOM by SBB, being the leading private telecom operator, provider of digital and analogue cable television, broadband Internet and fixed telephony.
In its ruling, the Commission noted that it granted approval subject to certain conditions on the basis that the strengthening of a dominant position would only occur in the retail market of media content distribution services. In line with the Commissions’ decision SBB is to sell secondary network infrastructure in Belgrade where there are overlaps with IKOM, and it must offer current IKOM’s customers options to change their subscriptions.
Finally, for two years following the acquisition, SBB shall provide regular reporting to the Commission on potential changes in retail prices for media content services provided by its basic package.