Telekom Austria no longer interested in PTK, eyeing Srbija

10 Jul 2012

Telekom Austria has confirmed that it will not enter a bid in the restarted auction for state-owned Post and Telecommunications Kosovo (PTK), reports Austrian daily Wirtschafts Blatt. A spokesperson for the Austrian telco said that ‘there are no activities planned for Kosovo.’ As previously reported by CommsUpdate, the Pristina has put up a 75% stake in PTK for sale, with the pre-qualification stage expected to be completed by the end of this month. The previous attempt to sell off the telco ended in June 2011 when, just two days after Telekom Austria and Deutsche Telekom (via its Croatian subsidiary T-Hrvatski Telekom [T-HT]) had been shortlisted to compete for the stake, two of PTK’s senior managers were accused of corruption by EU prosecutors. With the sale process jeopardised by the allegations, the Kosovar government called off the tender. Late June 2012 saw Pristina restart the sale once again, with the pre-qualification stage due to be completed by the end of July. Whilst Telekom Austria has backed out of the running, still believed to be interested in the stake are France Telecom-Orange, T-HT and Turk Telekom. The Austrian telco added that, whilst it had ruled out activity in Kosovo, a potential move into Serbia was not out of the question and it may look to acquire the state’s stake in Telekom Srbija, should Belgrade choose to renew efforts to privatise the company.

Kosovo, Serbia, A1 Telekom Austria Group, Turk Telekom