(Telecompaper) Serbia's Privatization Agency has published a public invitation for non-binding bids for the state's stake in Telekom Srbija. The applicants must demonstrate that they have been a provider of mobile telecom services over the last three years. In addition, any bidders must have in three audited fiscal years average annual revenues related to telecom services exceeding EUR 500 million, raised total funds of at least EUR 500 million over the last 10 years, had assets under management of at least EUR 2 billion as of end 2014, pr was an investor in the last 10 years via a minimum equity shareholding of 10 percent in at least one telecom operator with annual revenues related to telecom services exceeding EUR 500 million in at least one given year of the investment period. Interested domestic or foreign entities fulfilling the conditions must submit to the agency a request for delivery of documentation for the first phase of the procedure by 23 July. The deadline for submitting non-binding offers is 2 August. After the Commission for carrying out the procedure short lists the bidders, the Agency shall invite them to participate in the second phase of the procedure.