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T-HT shares to be offered for sale by mid-June

Autor: ;rmli;
ZAGREB, Feb 21 (Hina) - The government will not jettison the privatisation of the telecommunications company T-HT based on the model of initial public offering (IPO), which should be prepared by mid-June, a senior government official said on Wednesday.
ZAGREB, Feb 21 (Hina) - The government will not jettison the privatisation of the telecommunications company T-HT based on the model of initial public offering (IPO), which should be prepared by mid-June, a senior government official said on Wednesday.

Due diligence is expected to start in T-HT soon to check company operation and estimate the value of its shares.

"By June everything should be ready for the start of IPO," the official said.

The Novi List daily today reported that the majority owner of T-HT - Deutsche Telekom - had requested the government to postpone the planned public offer of 20 percent of company shares for at least a year.

One of the disputed issues regarding the public offering of T-HT shares and the further liberalisation of the telecommunications market is also the question of ownership of the telecommunications infrastructure.

(Hina) rml

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