Five European service providers have put a bid to buy 75 percent stake in Kosovo's state-owned telecom service provider Kosovo telecom.
Ahmet Shala, Kosovo's Minister of Economy and Finance, said in a statement that five service providers are interested in the assets: Deutsche Telekom (Other OTC: DTEGY.PK) through its partner in Croatia, Egypt's Orascom Telecom, Turk Telecom and Calik Group with partner AlbTelecom from Albania, Telekom Austria and Yemeni mobile operator SabaFon.
Currently, Kosovo telecom has one million mobile and 100,000 landline customers.
With plans to wrap up the sale of the stake in Kosovo telecom in December, Shala said the government would like to get between $404-800 million from the sale.
- Reuters has this article
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