PTK sale back on

26 Jun 2012

Kosovo’s government has relaunched the sale of state-owned telco Post and Telecommunications Kosovo (PTK) after the process was scrapped last year when two of the operator’s senior officials were charged with corruption. According to Reuters, Pristina has put a 75% stake up for grabs, with the pre-qualification stage expected to last until 30 July. A statement from Kosovo’s Economic Development Ministry said: ‘The contracting authority wishes to identify bidders who have experience in the telecommunications sector and who have sufficient financial, technical, managerial and organisational capacity to successfully manage the company.’ To that end, pre-qualification requirements include demonstrating that the applicant has either: been a provider of telecoms services for the last three years and had average annual revenues exceeding EUR300 million (USD375.3 million); has assets under management equating to at least USD750 million; or has raised USD250 million in total funds over the last seven years.

The ministry has not announced a timeline for the sale beyond the pre-qualification stage. As noted by TeleGeography’s GlobalComms Database, the previous attempt to sell PTK attracted interest from Deutsche Telekom (via its Croatian subsidiary T-Hrvatski Telekom [T-HT]), Egypt’s Orascom Telecom, Turk Telekom (in partnership with parent group Calik and Albtelecom), Telekom Austria and Yemeni wireless network operator SabaFon. The original sale was expected to generate between EUR300 million and EUR600 million for state coffers.

Kosovo, Telecom Kosovo (TK, Vala)