Advisors selected for PTK sale

17 Nov 2009

A consortium consisting of TelCo (of Liechtenstein and Austria) and Wolf Theiss (Austria) have won an international tender launched by the Kosovo Ministry of Economy and Finance to serve as transaction advisor on the privatisation of Post and Telecommunications of Kosovo (PTK), the state-owned telecoms and postal company. The consortium, led by TelCo, will analyse options concerning the privatisation and recommend a strategy. Among the consortium’s roles will be to attract a strategic investor to carry out the necessary investment and development programs for PTK, with the goal of improving the quality, quantity and pricing of its telecoms services. Commenting on the project, Tatjana Kucher, project director of TelCo, said: ‘Privatisation of PTK is the largest transaction in Kosovo so far and is expected to bring substantial revenues for the budget of Kosovo. Our aim will be to maximise the privatisation proceeds and at the same time attract strong strategic investors who will bring investments and know-how.’

Serbia, Telecom Kosovo (TK, Vala)