Sellers of a 75% stake in Kosovo state-owned telco PTK might push back the deadline for final bids once more.
TelecomFinance understands that meetings will be held in Kosovo’s capital Pristina on Wednesday and Thursday this week, and a further…
Sellers of a 75% stake in Kosovo state-owned telco PTK might push back the deadline for final bids once more.
TelecomFinance understands that meetings will be held in Kosovo’s capital Pristina on Wednesday and Thursday this week, and a further extension of the deadline beyond the current 31 January date will be discussed at the meetings.
The privatisation committee of Kosovo, which is advised by Lazard and Raiffeisen Investment, kicked off the sales process in May 2012 and originally intended to announce the winning bidder before the end of last year. However, the bidding process has been delayed several times since. Most recently, a 15 January deadline was pushed back until the end of the month.
Following the recent drop-out of Albright Capital Management, the other four interested parties are said to remain interested in bidding.
As reported previously, they are British Telecom-Poland in a consortium with Columbia Capital and ACP Axos Capital, France Telecom subsidiary Sofrecom together with Twelve Hornbeams and Avicenna Capital, and, bidding without partners ,Turkcell, and M1 International.
