ZAGREB, June 3 (Hina) - Deutsche Telekom, Austria Telekom, Swedish Telia and Greek OTE are potential strategic investors into the Croatian Telecommunications (HT). These companies showed the strong interest in taking part in the
privatisation of the HT. As of next week their representatives should pay one-week visit each to see the financial indicators and other characteristic of this Croatian firm. By the mid-June they should offer their non-biding financial and technical offers, said Michael Phair, the head of an advisory team for the Croatian Government relating the privatisation. At a news conference, Phair described the above possible investors as excellent and quality potential bidders. The head of the commission for the HT privatisation, Ivan Mijatovic, said the executive stage of the privatisation was beginning now. Representatives of all four foreign telecommunicati
ZAGREB, June 3 (Hina) - Deutsche Telekom, Austria Telekom, Swedish
Telia and Greek OTE are potential strategic investors into the
Croatian Telecommunications (HT).
These companies showed the strong interest in taking part in the
privatisation of the HT. As of next week their representatives
should pay one-week visit each to see the financial indicators and
other characteristic of this Croatian firm.
By the mid-June they should offer their non-biding financial and
technical offers, said Michael Phair, the head of an advisory team
for the Croatian Government relating the privatisation.
At a news conference, Phair described the above possible investors
as excellent and quality potential bidders.
The head of the commission for the HT privatisation, Ivan
Mijatovic, said the executive stage of the privatisation was
beginning now.
Representatives of all four foreign telecommunications firms will
conduct visits independently.
Phair and Mijatovic added that the deadline for giving the non-
biding offer is the end of June, whereas the deadline for submitting
offers is September 30.
Mijatovic said it was difficult to speak about the price and ways
for the payment but it is usual that such investments are made by
cash.
Asked about the opposition of workers of the Croatian Post (HP) and
the Croatian Telecommunications (HT) to the announced
privatisation, the HT Management's President Ivica Mudrinic, and a
spokesman for the Government in the HT privatisation, Damir
Ostovic, replied that the ownership and the ownership structure, in
compliance with law, were not the matter for unions' struggle. They
added that the announced strike of these employees was outside the
collective contract.
First materials of Dresdner Kleinwort Benson on this matter said
that the value of one quarter of HT shares is between 600 million and
one billion dollars.
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