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
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »