ZAGREB, Sept 7 (Hina) - Representatives of Croatia's government and Germany's Deutsche Telekom, which owns 35 percent of Croatian Telecom (HT), on Wednesday discussed the second stage of HT's privatisation, the government's Media and
Public Relations Service said in a statement on Thursday. The first stage in the privatisation of Croatia's national telecommunications network wrapped up last year with the sale of a 35-percent share to Deutsche Telekom for $850 million. The second stage via a public tender was announced for this year. The government statement says the German representatives outlined their view of further privatising HT and that yesterday's meeting discussed the suggestions, which the statement does not elaborate on. It says Deutsche Telekom welcomed privatisation via a public tender, namely coming out onto the capital market, as well as activities taken to choose a financial adviser. Governm
ZAGREB, Sept 7 (Hina) - Representatives of Croatia's government and
Germany's Deutsche Telekom, which owns 35 percent of Croatian
Telecom (HT), on Wednesday discussed the second stage of HT's
privatisation, the government's Media and Public Relations Service
said in a statement on Thursday.
The first stage in the privatisation of Croatia's national
telecommunications network wrapped up last year with the sale of a
35-percent share to Deutsche Telekom for $850 million. The second
stage via a public tender was announced for this year.
The government statement says the German representatives outlined
their view of further privatising HT and that yesterday's meeting
discussed the suggestions, which the statement does not elaborate
on.
It says Deutsche Telekom welcomed privatisation via a public
tender, namely coming out onto the capital market, as well as
activities taken to choose a financial adviser.
Government representatives are to hold another meeting with
representatives of Deutsche Telekom, HT's management, and the
Schroder Salomon Smith Barney consultants, in view of ensuring the
best conditions for the second stage of HT's privatisation.
Participating in yesterday's meeting with the Germans were
Croatia's First Deputy Prime Minister Goran Granic, Economy
Minister Goranko Fizulic, the coordinator of the privatisation
task force Maja Brinar, and representatives of Schroder Salomon
Smith Barney.
The model for the second stage of HT's privatisation, presented by
the former government, envisaged the sale of an 28-percent share on
the domestic and foreign market and allocating seven percent to
Croatia's war veterans. In view of protecting national interests,
the state was to keep a 30-percent share, with dividends going to
the retirement fund.
(hina) ha jn