The parliament of Kosovo approved the government’s plan to privatise telecoms incumbent PTK last Thursday, according to Reuters.
But the stake to be sold has reportedly been cut down to 67% from the initial 75%.
Last month, the ministry of economy and…
The parliament of Kosovo approved the government’s plan to privatise telecoms incumbent PTK last Thursday, according to Reuters.
But the stake to be sold has reportedly been cut down to 67% from the initial 75%.
Last month, the ministry of economy and finance announced it received bids from Albtelecom, the Albanian incumbent owned by Calik Group and Turk Telekom; Hrvatski Telekom, the Croatian incumbent owned by Deutsche Telekom; Egypt’s Orascom Telecom; Telekom Austria and Yemen’s Sabafon.
TelecomFinance sources have valued the operator at E300m to E350m.
The authorities are advised by a consortium of Telco AG and law firm Wolf Theiss.
PTK has 987,000 mobile subscribers, representing 70% market share and 84,000 fixed-line subscribers, representing 93% market share. In 2009 it posted E145m revenues, E59.5m EBITDA and E44.4m net profit.
The authorities were not immediately available for comments.
