Kosovo receives five bids for PTK

28 Sep 2010

The Kosovan government has received five bids from companies interested in buying a 75% stake in Post and Telecom Kosovo (PTK), according to a statement by the Ministry of Economy and Finance. Deutsche Telekom (through its Croatian subsidiary T-Hrvatski Telekom), Egypt’s Orascom Telecom, Turk Telecom (in partnership with parent Calik Group and Albtelecom), Telekom Austria and Yemeni mobile operator SabaFon have all entered bids for the sale, which is expected to be concluded by the end of the year. The Minister of Economy and Finance Ahmet Shala said that the government was hoping to raise EUR300 million – EUR600 million from the sale. PTK has more than 1.2 million mobile subscribers and serves around 84,000 fixed lines. In 2009, PTK reported revenues of EUR145 million and a net profit of EUR44 million. The Ministry of Economy and Finance is expected to announce a list of qualified potential bidders next week.