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Five international consortiums, including units of Turkcell Iletisim Hizmetleri AS (TCELL), Portugal Telecom SGPS SA (PTC) and British Telecom Poland qualified to bid for Kosovo’s state-owned Post and Telecom.
The companies will be allowed to take part in the company’s sales tender that’s expected to begin in September, said a statement of the Ministry of Economic Development .Binding bids for a 75 % stake in the company are expected in the fourth quarter. PTK has about 1.2 million mobile and 100,000 landline users.
In June, the Kosovar Government stated that they would only consider buyers that have provided mobile services for at least three years, with an average annual revenue of at least 300 million Euros and assets of no less than 750 million Euros.
Three bidders, including Monaco Telecom International SAM, Luxembourg-based Geni Capital and Elkos LLC from Kosovo failed to qualify.
The approved consortiums are: Portugal Telecom and Albright Capital Management LLC, Columbia Capital with ACP Axos Capital GmbH and British Telecom Poland (BT/A), Turkcell, M1 International Limited and Twelve Hornbeams, Avicena Capital LLC & Sofrecom SA.
/Bloomberg/