According to local reports, JP Morgan has selected the Croatian Postal Bank (HPB) and Erste Bank as the local brokers for the third phase of the privatisation of the Croatian incumbent telco T-HT. The two beat off competition from several other bidders including Raiffeisen and Zagrebacka Banka. An IPO for the sale of 20% of shares in T-HT, a joint stock company majority owned by Deutsche Telekom, is likely to be held this summer. Last month the alternative telcos DCM, H1, Metronet, Optima Telekom and VIPnet complained to Croatia’s Telecommunications Agency about the near-monopoly status still enjoyed by the incumbent. (CD)
Leave a Reply