Following investor conferences in London and Istanbul in May, advisors to the government of Kosovo are about to launch the first stage of the privatisation process for PTK.
TelecomFinance has learned that the launch of the prequalification process for…
Following investor conferences in London and Istanbul in May, advisors to the government of Kosovo are about to launch the first stage of the privatisation process for PTK.
TelecomFinance has learned that the launch of the prequalification process for the tender was delayed by several weeks due to internal discussions at the Kosovar privatisation committee taking longer than expected.
Investment banks Lazard and Raiffeisen Investment will start the prequalification process on Monday, and it will run until the end of the month.
Successful participants in the prequalification process will then get access to the data room and the IM.
Originally, the sellers had planned to run the prequalification period from 4 June already.
However, a delay of the overall sale process is not expected, and the sellers still hope to announce the winner in late October, and to sign a deal a month later.
A wide range of private equity investors as well as a number of strategic parties are expected to participate in the process.
While Telekom Austria, which was a frontrunner during the failed earlier PTK sale process back in 2011, has ruled itself out as a buyer this time, Deutsche Telekom owned T-Hrvatski of Croatia is once again seen as a likely bidder. Turkcell, Turk Telekom, and Calik Group have also shown initial interest in the asset.
