| Last week in the organization 'Sarajevo Stock | | | | date, invested about two billion euro in new |
| Exchange' was held Third International Conference | | | | knowledge, technologies and services, and that is |
| 'The privatization of telecommunication operators | | | | thanks largely by belonging to the |
| - the turning point in the development of capital | | | | telecommunication group, 'Deutsche Telekom', and |
| markets', which was attended by about 300 | | | | his company has the opportunity to offer |
| participants from all over the region. Since that | | | | Croatian users a number of advanced services. |
| privatization of telecoms in the Federation of | | | | Chairman of the Board of Telekom Austria 'Boris |
| Bosnia and Herzegovina must be completed in the | | | | Nemsic said that the interest of his company's |
| next 15 months, and in that period were | | | | Privatization' BH Telecom 'priority and expressed |
| committed BH-government signing the Stabilization | | | | concern over the fact that the value of' BH |
| and Association Agreement with the European | | | | Telecom 'constantly decreasing due to the drop in |
| Union, the announcement was discounted | | | | its shares on the stock exchange. (Of course, |
| gathered a wide circle of interested, potential | | | | none of the present was not asked why the |
| customers, from government representatives, | | | | 'Telekom Austria "is interested in buying |
| consultants and interested financial investors. But | | | | companies whose value falls?). The prices that his |
| at the very beginning, proclaimed initial idea from | | | | company intends to offer for 'BH Telekom' |
| the Sarajevo Stock Exchange was dropped, the | | | | Nemsic declined to speak, but because he has |
| one that this conference will set "lights up the | | | | announced better work conditions, more favorable |
| privatization of telecoms operators with respect | | | | conditions for users, development, investment and |
| to the state as the seller, from the angle of | | | | lower prices. Both Mudrinic and Nemsic have urged |
| potential investors, based on the experiences of | | | | for the immediate privatization, which is in the |
| consultants and advisers who participated in the | | | | interest of the Federation and its citizens. |
| privatization transactions." Seeing that none of the | | | | According to the predictions that were heard, |
| participants has not at the meeting loudly | | | | capital privatization of state company BH Telekom |
| pronounced a single argument against privatization | | | | will most likely begin in February 2009. According |
| in a hurry, without exaggeration can be said that | | | | to this scenario, the Federation Parliament should |
| two days of Sarajevo international conference | | | | in the next few days adopt the document, policy |
| were dedicated to open lobbying for the | | | | of privatization, after which the government |
| immediate privatization by any price. | | | | would be launched election process with the |
| According to the information that they could be | | | | consultant to prepare tender documentation and |
| heard at the conference, government of Bosnia | | | | after these steps would be followed relatively |
| and Herzegovina in the first phase plans to sell 51 | | | | quickly publish public tenders. |
| percent of capital 'BH Telecom' to a strategic | | | | And while it is perfectly clear that for immediate |
| partner, most likely to Telekom Austria, and in | | | | sale at any price have 'rooted' companies |
| the next stages ten to 15 percent offer on | | | | interested in buying, because, in terms of global |
| domestic and foreign stock markets, while in case | | | | crisis when the state donate money to banks to |
| 'HT Eroenta' 25 percent ownership to sell a | | | | continue to give loans, especially valuable are |
| strategic partner - 'the Croatian Telekom,' which | | | | companies without debts and with surplus cash, |
| has a right of pre-emption. | | | | so it is confusing this government's agitating for |
| The biggest 'stars' the Sarajevo conference were | | | | realization of this goal. Namely, 'BH Telecom' will |
| directors and probable future owner of | | | | always be able to sell, and now, and for half a |
| BH-Telecommunications, Chairman of the Board' | | | | year, and for 15 months, and it is a well known |
| T-Croatian Telecom Ivo Mudrinic and Chairman of | | | | fact that company's value will increase, due to |
| the Board of Telekom Austria' Boris Nemsic. | | | | global crisis, because in these conditions cash is |
| Mudrinic spoke of the positive examples from the | | | | always a favorite. So, why sell something that will |
| process of privatization of telecommunications in | | | | be more valuable in following months? |
| Croatia, pointed out that in T-HT-in since 1999. to | | | | |