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
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »