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BELGRADE, Aug 12 (Reuters) - Serbia expects to reap more than the 1.1 billion euros previously offered for a majority stake in its biggest telecom company, or the government will not sell, Prime Minister Aleksandar Vucic said on Wednesday.
A previous government in 2011 rejected 1.1 billion bid by Telekom Austria for a 51 percent stake in Telekom Srbija. Vucic's government has put 58 percent up for sale and is expected to name the bidders next week.
"We expect a significantly higher offer," Vucic told a news conference. "If we don't get that we will not sell."
Reporting by Ivana Sekularac; Editing by Matt Robinson