In 2006, a majority stake in Mobi 63 was sold (70% owned by the Government of Serbia) to the Norwegian Telenor for a sum of 1.513 billion euros. The condition for the acquisition of the remaining 30% of shares, was a bid higher than 1.1 billion euros. The Norwegian company outbid such industry heavyweights as TeliaSonera, France Télécom, Deutsche Telekom, Mobilkom Austria, Orascom Telecom and Tele2. On 31 August 2006, Mobi 63 officially became the property of Telenor and changed its name to Telenor d.o.o.