Winkler picking sell-off strategy

17 Aug 2007

Romania’s Minister of Communications and IT, Iuliu Winkler, has requested that a team from his ministry submit a report on the privatisation options for stakes in national telco RomTelecom and two other state service providers, Posta Romana and Radiocomunicatii, local newspaper Nine o’ Clock reports. ‘I shall have very soon a report for each of the three companies, and, subject to its conclusions…the government will make a decision regarding the privatisation of those companies,’ said Winkler, who estimated that a decision will be reached by the end of the year. Radiocomunicatii and Posta Romana are entirely held by the state, while the government retains a 46% stake in RomTelecom, with Greece’s OTE wielding majority control. The minister also said that RomTelecom needs to change the ‘mentality of employees’ and diversify its services. According to TeleGeography’s GlobalComms database, OTE has previously indicated its interest in increasing its stake.