Albtelecom sell-off set for 2005

15 Feb 2005

The Albanian government has set itself the goal of privatising Albtelecom in the course of 2005, with the process set to get underway in April. According to the Minister for the Economy, Anastas Angjeli, seven parties have expressed an interest in participating in the privatisation, which will see a stake of between 51% and 76% being placed in private hands. Albtelekom is predicting profits in 2005 of EUR16.1 million.

Albania, ALBtelecom