Kosovo to Try Again to Sell Its Telecom Firm by End of 2019

Kosovo will offer its loss-making state-owned telecom company to private investors by the end of the year, the country’s economy minister said on Wednesday, its third attempt to sell a stake in the company in the past decade, Reuters reported. In 2013 the government cancelled an already agreed sale to Germany’s ACP Axos Capital Gmbh and U.S.-based investor Najafi after failing to secure parliament backing for the 277 million euro deal. “In the first half of the year we will work to restructure (the company) and by the end of 2019, the process of tendering will be open,” Economy Minister Valdrin Lluka told Reuters. Lluka said the process may last three or four months. “In March or April next year the best bidder is expected to be announced,” he said. The European Bank for Reconstruction and Development (EBRD) will offer technical assistance to prepare the sale. Lluka said France’s Orange, Rockaway fund, Telekom Austria and others, have expressed an interest in participating in the bidding process. Read more