5. Why is PTK being sold? What are the expected benefits?
- Privatization of public enterprises comprises a structural reform of Kosovo’s economic system. It is the most important step in the road to modernizing our society.
- The PTK sale will make possible the introduction of modern managerial and technological experiences both in the company and around it. This will, in turn, result in lower prices and higher quality for Kosovo citizens.
- PTK privatization aims to generate income for the Kosovo budget, at a time when numerous capital investments are made in Kosovo in all spheres, especially in infrastructure.
- This privatization, similar to other privatizations of publicly-owned enterprises, aims to send a signal to serious international investors, informing them on Kosovo’s economic sustainability and favorable business environment. Attraction of long-term private investments in Kosovo, which will greatly support the improvement of our international image.
- Provision of investments in the company and its preparation for future competition in a free liberalized market.
- Fulfillment of requirements set forth by the European Union, WTO and obligations towards IMF.
- As regards technological development and services provided in the telecom market, Kosovo stands behind Europe and the Balkans region. We have still not introduced mobile data services 3G/4G, which would represent a key income source for the investor and a potential for investment concentration.
- This would enable the increase of the value of potential shares held by the Government of Kosovo over time.
- Synergies, such as rates of long-distance calls, provide for the possibility to decrease tariffs for incoming and outgoing calls and better possibilities for collecting international roaming taxes.
- This will ultimately be beneficial for PTK consumers and Kosovo citizens. Tariff pressure will certainly increase the competitiveness of the market.