Government invites bids for PTK

12 Sep 2012

Following the completion of the prequalification stage, Kosovo has invited five companies to bid for a 75% stake in state-backed incumbent Post and Telecommunications Kosovo (PTK). Reuters reports that the only remaining criteria for selecting the potential buyer will be bid value, and bidding is due to last two months. As previously reported by CommsUpdate, the five companies/consortiums approved to participate in the auction are: Turkcell; Portugal Telecom (in partnership with Albright Capital Management); British Telecom Poland (in partnership with Columbia Capital and ACP Axos Capital); M1 International Limited; and Avicena Capital (in partnership with Sofrecom, the international telecoms consulting branch of the France Telecom-Orange group). Monaco Teleocom failed to pass the prequalification stage, as did Kosovar distribution company Elkos, and Geni Capital of Luxembourg.

In response to protests against the sale of PTK and other ongoing privatisation deals in Kosovo, the government added that the remaining 25% stake in the provider would remain in state hands for at least five years after the transaction.

Kosovo, Telecom Kosovo (TK, Vala)