PTK sale violates Serbia's rights of ownership
The sale of majority stakes in the Telekom Kosovo and PTT Kosovo joint-stock companies companies infringed the Republic of Serbia's rights of ownership and other shareholders' ownership rights, the Serbian government Office for Kosovo said in a release Wednesday.
(kosovocompromisestuff) Thursday, April 18, 2013
The KiM office said that the property of these companies is entirely made up of facilities that are owned by joint-stock companies PTT Srbija and Telekom Srbija and that the decision to sell it was made by illegally established bodies of the self-proclaimed "Republic of Kosovo."
The decision to sell, the release said, was made by a "non-owner without the consent of, authorization by and participation of the beneficial owners in the sale."
This has misled the customers about the actual ownership structure in the Telekom Kosovo and PTT Kosovo and ownership of facilities used by the companies, the release said.
The KiM Office warned "illegal authorities not to sell anyone else's property because there will be serious legal consequences for the persons responsible."
At the same time, it announced that it will inform the international public and all concerned actors in the international community about this illegal usurpation of state- and privately-owned property.
On Tuesday, the Kosovo government approved the sale of a 75 percent stake in the Post and Telecom of Kosovo (PTK), illegally established by transforming Telekom Kosovo and PTT Kosovo into the joint stock company, 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.
The decision to sell, the release said, was made by a "non-owner without the consent of, authorization by and participation of the beneficial owners in the sale."
This has misled the customers about the actual ownership structure in the Telekom Kosovo and PTT Kosovo and ownership of facilities used by the companies, the release said.
The KiM Office warned "illegal authorities not to sell anyone else's property because there will be serious legal consequences for the persons responsible."
At the same time, it announced that it will inform the international public and all concerned actors in the international community about this illegal usurpation of state- and privately-owned property.
On Tuesday, the Kosovo government approved the sale of a 75 percent stake in the Post and Telecom of Kosovo (PTK), illegally established by transforming Telekom Kosovo and PTT Kosovo into the joint stock company, 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.
