PTK sale to be completed in December

8 Nov 2012

The sale of a 75% stake in state-backed incumbent Post and Telecom Kosovo (PTK) is to be completed next month, the Kosova Press reports, citing government officials. The officials ruled out the possibility that the privatisation process might fail again, despite intense political pressure from within the country to abandon the sale. As noted by TeleGeography’s GlobalComms Database a previous attempt to sell a stake in PTK was scrapped after two of the telco’s heads were accused of corruption, causing the two shortlisted bidders, Deutsche Telekom (via its Croatian subsidiary T-Hrvatski Telekom [T-HT]), and Telekom Austria, to rethink their involvement.

Kosovo, Telecom Kosovo (TK, Vala)