BTC SALE POSTPONED

Business | May 4, 2001, Friday // 00:00

Bulgarian Telecommunications Company`s privatization would be finished within the preliminary fixed term (2001), it was declared in the beginning of the governmental mandate. Recently the experts from BTC, SCT and the Transport Ministry started talking that the privatization will be postponed and a Western company is to be searched to head the management. Deputy PM Zhotev said that from 34 to 51% of the shares are to be sold. In the contract with the future buyer it will be written that the rest of state-owned shares listed for privatization also could be sold to the buyer later.

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