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GOVERNMENT TO DECIDE ON TELIA-TELENOR BID WITHIN SEVEN DAYS

ZAGREB, Sept 23 (Hina) - A decision on the bid of the Swedish-Norwegian consortium Telia-Telenor to buy 35 percent of shares of the Croatian Telecommunications (HT) will be made within next seven days as of September 23.
ZAGREB, Sept 23 (Hina) - A decision on the bid of the Swedish- Norwegian consortium Telia-Telenor to buy 35 percent of shares of the Croatian Telecommunications (HT) will be made within next seven days as of September 23.#L# During the closed session Croatia's Government considered this only bid for the purchase of HT shares, and concluded it would need additional consultations and expert opinions about this offer, said the deputy head of the Croatian Government's public media and communications office, Igor Mrduljas, following Thursday's long session. At this morning's public opening there was solely the bid of Telia- Telenor, and there was no bid of Deutsche Telekom. Although it was announced this morning that immediately after opening the bids the Croatia Government would decide whether to accept the US$ 611-million bid, in the afternoon reporters were informed by Mrduljas about a short statement from the Government. The Government will make the decision on the matter within seven days, and this decision can be made not before tomorrow and not later than the coming Thursday, Mrduljas explained. Present at the procedure of the public opening were Croatia's Vice Premier Borislav Skegro, who is a member of the council for the HT privatisation, the HT Management's President Ivica Mudrinic and Ambassadors of Sweden and Norway. First it was explained that the procedure of opening bids for the purchase of 35 percent of HT shares was described by rules which the Government approved and forwarded to the bidders on September 2. These rules include a model-application for the bidder in which they should put the offered price for the HT shares and confirm that they will sign documentation for conducting a transaction in the form they received on 17 September. The biggest fix price and the acceptance of transaction documents are accordingly the only criterion for choosing the successful bid. This bid will be additionally considered by the Croatian Government that is not obliged to accept it. It was announced that Deutsche Telekom, that had participated in the biding procedure from the very beginning, failed to offer its bid within the time term defined by bidding rules, neither did its representatives appear at Thursday's opening of bids. Therefore, the procedure continued this morning with the only bidder, Telia-Telenor. The commission established that the bid was in accordance with rules and that Norwegian company was offering 611 million dollars for the 35 percent of HT shares. Then, the opening was completed. At 16:30 hours reporters received the aforementioned statement from Mrduljas. Epic, the consultant of Deutsche Telekom for possible purchase of the HT shares, said that on September 21 this German company had decided not to offer its bid. Epic briefly added that Deutsche Telekom remained interested in the privatisation of the Croatian Telecommunications on the base of the mutual interest. (hina) ms

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