Kosovo Telecom sale to German-US consortium approved

(Photo: ptkonline.com)

On Tuesday (16 April 2013) the government in Pristina approved the sale of a 75 percent stake in the Post and Telecom of Kosovo (PTK) to a U.S.-German consortium for EUR 277 million.

The decision to sell the PTK to the consortium made up of the ACP Axos Capital and the U.S. investment company Najafi Companies, in partnership with the British Telecom, was immediately hailed by the embassies of the United States, Germany and the United Kingdom in Pristina as an important step in strengthening the economic development of Kosovo.