PTK sale extended until mid-Jan 2013

26 Nov 2012

The Kosovo government has extended the deadline for bidders participating in the sale of incumbent telco Post and Telecommunications Kosovo (PTK) until mid-January to allow potential buyers time to line up financial backing, reports Reuters. Bidders now have until 15 January 2013 to submit offers, knocking back the deadline from December this year. Kosovo’s Ministry for Economic Development said in statement that the decision was made in light of the nation becoming a full member of the European Bank for Reconstruction and Development (EBRD). The Ministry added that the EBRD and International Finance Corporation have expressed their readiness to support bidders. Five companies have been qualified by the Ministry to participate in the sale: 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).

Kosovo, Telecom Kosovo (TK, Vala)