The deadline for bids for Kosovo’s PTK has been extended once again. Bidders now have until the end of the month to submit their offers for a 75% stake in the telco, a person involved in the process confirmed.
It is not the first time that the Kosovo…
The deadline for bids for Kosovo’s PTK has been extended once again. Bidders now have until the end of the month to submit their offers for a 75% stake in the telco, a person involved in the process confirmed.
It is not the first time that the Kosovo Privatisation Committee has agreed to give interested parties more time. Originally the sellers had set a mid November 2012 deadline and had said they hoped to announce the winner before the end of the same year. Then the deadline was pushed back to mid December, and later to mid January.
Meanwhile local media reports have suggested that Albright Capital Management dropped out of the process. It has also been suggested that M1 International will likely win the auction.
Other previously reported bidders include British Telecom-Poland in a consortium with Columbia Capital and ACP Axos Capital, and France Telecom subsidiary Sofrecom together with Twelve Hornbeams and Avicenna Capital, and, bidding without a partner, Turkcell.
TelecomFinance had reported previously that Albright Capital was in a consortium with Portugal Telecom.
The privatisation committee of Kosovo is advised by investment banks Lazard and Raiffeisen Investment.
