T-Hrvatski Telekom (Reuters: THTC.L, HT.ZA; Bloomberg: THTC LI, HTRA CZ), Croatia’s leading telecommunications provider, announces that it has applied for pre qualification in the privatisation of Post and Telecommunications of Kosovo J.S.C. (PTK).
PTK provides fixed-line, mobile and postal services through its brands Telecom of Kosovo, Vala and Post of Kosovo respectively. It is expected that only the telecommunications businesses will be sold when the Government of the Republic of Kosovo sells its 75% holding in PTK.
PTK has more than 1.2m mobile subscribers and serves around 84,000 fixed lines. In 2009, PTK reported revenues of €145m and net profit of €44m.
The Ministry of Economy and Finance of the Republic of Kosovo is expected to announce a list qualified potential bidders next week.