T-HT ready for IPO by June, says government

22 Feb 2007

Croatia’s government has announced that the country’s former monopoly telco T-Hrvatski Telekom (T-HT) will be ready to launch an initial public offering (IPO) of 20% of state-held shares by mid-June. According to a senior official a due diligence process will begin soon to evaluate the incumbent’s share value. Local daily Novi List reports today that T-HT’s majority owner Deutsche Telekom had requested that the government postpone the listing for at least another year.

Croatia, Hrvatski Telekom (HT)