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List: ALBSA-Info

[ALBSA-Info] Macedonian sale

Agron Alibali aalibali at yahoo.com
Mon Dec 18 07:48:01 EST 2000


I think the Albanian Mobile Company was sold at about
85 million dollars, which was considered a "bingo" by
Albanian Minister Sokol Nako.  The Macedonian Mobile
is for sale for about 7 times that price.

SKOPJE, Macedonia (AP) _ Macedonia"s government said
Sunday that the two leading bidders for a 51 percent
stake in the country"s mobile phone network are
Hungary"s telecommunications firm Matav and the Greek
company OTE. A final decision on the sale of the
majority stake of Macedonia"s state-run mobile phone
network is expected Tuesday. The announcement narrows
the field to Matav, which is offering $552.2 million,
and OTE, offering $543.3 million. The mobile phone
network is considered one of a few profitable
operations in the impoverished former Yugoslav
republic of 2 million people. Opposition parties have
been protesting the sale and threaten to contest it in
court as allegedly damaging to the state. Matav is
partly owned by Deutsche Telekom, Interamerican,
Greece-based Cosmo Telco, and the U.S. firm SEEF.
Greek OTE has an estimated market value of $12
billion. 

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