Kosovo Cancels Privatisation of State Owned Mobile Network
Published on: 2nd Jan 2014
By: Ian Mansfield
Kosovo's government has cancelled the planned privatisation of the state owned telecoms operator following allegations that it had undervalued the company.
The government had agreed to sell a 75% stake in the firm to a German-USA consortium for USD360 million, but politicians said that the price was too low.
PTK, which is owned by the Government of Kosovo, was the first operator to deploy a GSM network in the country of 2 million people. PTK has 1.2 million mobile customers using its Vala mobile brand.
Monaco Telecom manages the network on behalf of the government, but was dropped from the short-list of potential bidders to buy the company last year.