Kosovo government has decided to privatize Kosovo Post and Telecom (PTK) and its mobile operator Vala.
The government has estimated the value of the company to be around EUR 700-800 million.
According to Prime Minister Hashim Thaçi, Kosovo Telecom and
Vala present attractive assets, able to draw interest and considerable
private capital.
"The government believes that this project will make possible a
larger number of infrastructural projects. Privatization of Vala and
the telecom will be accompanied by the highest standards of
transparency and competition, through an open and professional offering
process," said Thaçi.
Minister of Economy and Finance Ahmet Shala said that the
decision to consider the involvement of the private sector in this
sector is necessary, maybe even late.
An inter-ministerial commission will be formed which will create
the tender to select an international consulting company which will
suggest options and create the tender on how best to involve the
private sector.
PTK is currently the most profitable public company in Kosovo.
It has a history of mismanagement and corruption by locals and,
previously, its international supervisors, and critics have accused
government officials for conflict of interest with ownership in
competing companies, which they say, have led to policies which prevent
PTK from competing in the market.
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