Government to sell stake in MT

3 May 2006

The government of Macedonia plans to sell a 45.1% stake in national fixed line operator Makedonski Telekomunikacii (MT) on the local stock exchange and hopes to raise EUR275 million (USD346.7 million) in the process. The state will offer four different share price packages targeted at financial investors and individual buyers. The initial price of one share will be EUR6.35, valuing MT at EUR609 million. Although the government plans to retain a shareholding in the operator it is reducing its interest to concentrate on its primary task of regulating the market and nurturing competition.

North Macedonia, Makedonski Telekom (Telekom)