Thursday, 08 December 2016

Axos mulls legal action over Kosovo privatisation debacle

By Mary Lennighan, Total Telecom
Friday 03 January 14

Consortium due to buy 75% of PTK lays blame squarely at feet of government as telecoms privatisation falls apart.

The investment group that was due to acquire Kosovo's state-owned telecoms operator has hit out at the government for its decision to cancel the privatisation process and indicated that it is considering legal action. Kosovo's Government Privatisation Commission (GPC) that is overseeing the sale of shares in Post and Telecommunications of Kosovo (PTK) pulled the plug on the process late last month after MPs boycotted a parliamentary session and the final deadline for its completion passed…

The investment group that was due to acquire Kosovo's state-owned telecoms operator has hit out at the government for its decision to cancel the privatisation process and indicated that it is considering legal action. Kosovo's Government Privatisation Commission (GPC) that is overseeing the sale of shares in Post and Telecommunications of Kosovo (PTK) pulled the plug on the process late last month after MPs boycotted a parliamentary session and the final deadline for its completion passed…

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