Банкеръ Weekly

Briefs

NEW TELECOMMUNCICATIONS LAW WILL COPY EU'S DIRECTIVES

The candidate buyers of the Bulgarian Telecommunciations Company (BTC) are aware that the new telecommunications law will copy the European Union's directives, Minister of Transport and Telecommunications Plamen Petrov noted, but refused to say if the offers of BTC's candidate purchasers included proposals for specific market restrictions. In addition to harmonization with European legislation, the main purpose of the entirely new law is to regulate the market after the national telecom's monopoly is eliminated as of December 31, 2002.I wonder why the Greek OTE gave up the bidding and why Charlemagne Capital did not manage to file an offer for technical reasons, Mr. Petrov said. He expressed his satisfaction from the competition during the first stage of the privatisation tender.

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