PTK sale called off

18 Oct 2011

The sale of state-owned Post and Telecommunication Kosovo (PTK) has been cancelled following the corruption charges levelled at the telco’s managers earlier this year, reports Bloomberg. As previously reported by CommsUpdate, Telekom Austria and T-Hrvatski Telekom (T-HT) were shortlisted for the purchase in June and just two days later, PTK’s chief executive and board chairman Shyqyri Haxha and Rexhe Gjonbalaj were accused of ‘entering into harmful contracts, abusing official position[s] and misuse of economic authorisations’ by prosecutors from the EU Rule of Law Mission (EULEX). T-HT announced last week that it was considering withdrawing from the sale as a result of the charges.

Kosovo’s Minister for Economic Progress, Besim Beqaj told press in Pristina, that ‘The government’s commission for the privatisation of PTK has decided to cancel the process and start a new one.’ No details regarding the new process were given.

Kosovo, Telecom Kosovo (TK, Vala)