PTK head resigns amidst corruption scandal

22 Nov 2011

The chief executive of Kosovan fixed line provider, Post and Telecommunications Kosovo (PTK) has resigned after his involvement in a corruption scandal derailed the Kosovar government’s attempt to sell the company, reports Reuters. The most recent effort to divest PTK was scrapped last month after T-Hrvatski Telekom (T-HT), one of two companies shortlisted to purchase the telco, revealed that it was considering withdrawing as a result of corruption allegations aimed at PTK’s heads. PTK’s chief executive Shyqyri Haxha and board chairman Rexhe Gjonbalaj are facing trial for ‘entering into harmful contracts, abuse of official position and misuse of economic authorisation’. Haxha claims to have left the company as he was facing ‘obstacles in realising his vision for the development of the corporation’. Pristina is eager to restart the sale process; it expects the firm to fetch around EUR300 million (USD404.9 million) and has reportedly pencilled that amount into the budget.

Kosovo, Hrvatski Telekom (HT), Telecom Kosovo (TK, Vala)