Czech Govt Agrees To Launch Telecom Privatization
Published:
16 December 1999 y., Thursday
The Czech government agreed to launch a tender process for selling some or all of the remaining 51 percent state-held stake in the fixed-line monopoly SPT Telecom a.s. . Transport and Communications Minister Antonin Peltram told a news conference on Monday after a Cabinet meeting that the process would begin by selecting a global adviser for the tender in early 2000 and should be completed with a winner named in late 2000 or early 2001."If everything proceeds well, the privatization of the state stake could be concluded by the end of 2000 or the beginning of 2001," Peltram said, adding that the offer would have to be more advantageous for the state. Peltram subsequently said the government was aiming to sell all of its 51 percent stake in the company.
Peltram added that he thought the Dutch-Swiss consortium TelSource - comprised of KPN Telecom and Swisscom AG which already holds about a third of SPT shares - should not have priority over other bidders in the tender.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On August 4, the first chartered flight of "The Japan Airlines" will arrive from Tokyo in the Baltic States and land in Riga.
more »
1.6 billion rouble loan to overcome problems holding up expansion of city of Surgut
more »
Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden
more »
Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe.
more »
The European Commission's Digital Competitiveness report published today shows that Europe's digital sector has made strong progress since 2005.
more »
US President Barack Obama said that the economy was weaker than he thought when he took office, but there are signs of improvement.
more »
The EIB and UniCredit Group strengthen their cooperation to implement the Joint Action Plan of the largest multilateral lenders in Central and Eastern Europe who have committed to provide up to EUR 24.5 bn lending to the SME sector hit by the global economic crisis.
more »
Within the first half of 2009, AB Bank SNORAS earned LTL 24 million of unaudited profit.
more »
10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission today.
more »
SEB recently won awards for best consumer Internet banks in Lithuania and Latvia in a ranking presented by Global Finance Magazine.
more »