Kosovo approves PTK sale for €277 million

Kosovo approves PTK sale for €277 million

The Kosovan government has approved the sale of the state operator PTK to a German-US consortium for €277 million.

As part of the consortium, Germany’s ACP Axos Capital Gmbh has partnered with US-based investor Najafia Companies to bid for the operator.

UK operator BT has stated it will play a role in an advisory capacity.

The consortium placed a higher bid than Lebanese M1 International and has been given four months to pay the fee for a 75% stake in the mobile and fixed-line operator.

PTK will retain 25% in the company for at least another five years and the sale does not include the postal arm of PTK, which will spin off into a new company.

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