PTK sale edges closer

11 Aug 2010

Kosovo’s Ministry of Economy and Finance has confirmed that a 75% stake in Post and Telecommunications Kosovo (PTK) will be up for grabs in the autumn, with government employees suggesting that the holding is worth between EUR300 million and EUR600 million (USD394 million – USD789 million). Interested parties may apply for ‘pre-qualification’ prior to 13 September, with a winner expected to be selected before the end of the year. The launch of the tender comes despite concerns from opposition parties that the privatisation process is ‘opaque’, and that PTK is not yet ready for sale.

According to TeleGeography’s GlobalComms Database, companies including T-Hrvatski Telekom of Croatia (itself partially owned by Deutsche Telekom), Telekom Austria, Egypt’s Orascom Telecom and the UK’s Cable & Wireless have all been named as possible purchasers of the stake.

Serbia, Telecom Kosovo (TK, Vala)