Government postpones PTK takeover

16 Aug 2013

Kosovo’s Government Privatisation Committee (GPC) – a branch of the Ministry of Economic Development – has agreed to postpone the deadline for the privatisation of a 75% stake in national fixed line incumbent Post and Telecommunications Kosovo (PTK) until 30 September 2013. ACP Axos Capital consortium was selected as the winning bidder for the telco in April this year, agreeing to pay EUR277 million (USD367.9 million). GPC notes that its decision to postpone the transaction was the result of its rejection of additional requests proposed by the consortium which were not part of the original bidding package. GPC clarified that no changes would be made to the deal: ‘This postponement was approved only after GPC was ensured that the winning consortium will sign the share purchase agreement in the form and content provided in the bidding documents.’

Kosovo, Telecom Kosovo (TK, Vala)