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
How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy?
more »
The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar.
more »
While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area.
more »
On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country.
more »
The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation.
more »
Consumer protection requires transparent and consistent trade rules, believe MEPs.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
more »
Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania.
more »
AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group.
more »
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia.
more »