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AZERBAIJAN TO GET MINIMAL $100 MILLION FROM AZERCELL PRIVATIZATION

ICT Materials 8 August 2005 19:39 (UTC +04:00)

According to the preliminary privatization estimates of the Joint Venture (JV) Azercell Azerbaijan plans to receive some $100 million. The amount indicated is the minimal figure, actually, the government expects a greater sum, the Minister of Economic Development (MED) Farhad Aliyev told Trend.

"We did all possible for the assessment and preparation the enterprise for privatization. The Assessor is to summarize the work for the moment. The next stage will be the offer to buy out the share of the Azerbaijan’s government at the announced price to the basic foreign founder of Azercell вЂ" Fintur.

In case they decline the purchasing we will take other measures. The terms for putting on privatization do not depend on us, but we are interested in the shortest time, as there will be large revenues to the budget”, Aliyev noted.

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