PTK sale delayed by national assembly boycott

23 Sep 2013

The privatisation of Kosovo’s fixed line incumbent Post and Telecommunications Kosovo (PTK) was delayed again on Friday, after opposition parties boycotted the decision in the national assembly, leaving the government without a quorum, Telecompaper writes without listing its sources. Opposition politicians said that they would not participate in the sale of the company as the process was non-transparent and illogical. Kosovo has sought to offload a 75% stake in the incumbent since late 2008, but has had little success. TeleGeography’s GlobalComms Database notes that a previous attempt to divest a majority stake in the telco collapsed in mid-2011 when two of the company’s senior officials were accused of corruption by the European Union Rule of Law Mission (EULEX). More recently, in April this year the government agreed to sell the stake to a consortium consisting of Axos Capital and Najafi Companies for EUR227 million (USD307.11 million).

Kosovo, Telecom Kosovo (TK, Vala)