The privatisation of telecoms incumbent PTK has been put on hold until a new government is elected, a source close to transaction said. Kosovan parliamentary elections will take place on 12 December as a result of a vote of no confidence in the…
The privatisation of telecoms incumbent PTK has been put on hold until a new government is elected, a source close to transaction said. Kosovan parliamentary elections will take place on 12 December as a result of a vote of no confidence in the government that was passed on November 2. In September, the Ministry of Economy and Finance announced it had 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 ?300m to ?350m. 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 ?145m revenues, ?59.5m EBITDA and ?44.4m net profit.
