PRISTINA (Kosovo), June 6 (SeeNews) – The government in Pristina has picked Telekom Austria and Croatia’s Hrvatski Telekom to continue in the race for the purchase of 75% of Kosovo’s sole telecoms group PTK.
The two candidates were selected in the pre-qualification stage of the privatisation process, Kosovo’s Economic Development Ministry said in a statement on its website.
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Five companies bid for the stake. Besides Telekom Austria and Hrvatski Telekom the list of bidders also included Albania’s dominant fixed-line operator Albtelecom majority-owned by Turkish consortium Cetel, Egypt's Orascom Telecom Holding, and mobile operator Sabafon from Yemen.
The Economic Development Ministry provided no further details.
The government in Pristina hopes to raise as much as 600 million euro ($878.1 million) from the sale of the majority stake in PTK, the biggest state-owned company in Kosovo.