International Telecommunications Union
| Country | Privatized company |
Amount raised (US$ million) |
Year | Stake sold (%) |
Note (US$) |
| Argentina | Telecom Argentina | 1,779 | 1990, 1992 | 100 | Private sale in 1990 of 60% to a consortium including STET (Italy, 30%), France Telecom (30%), JP Morgan (USA, 10%), Compania naviera perez Companc (30%). The sale raised 539 million. 30% sold to the public in February 1992, raising 1,240 million. 10% went to the company's employees. |
| Argentina | Telefonica Argentina | 1,499 | 1990, 1991 | 100 | Private sale in 1990 of 60% to COINTEL: consortium consisting of Telefonica de Espana (30%), Citicorp (USA, 57%) and Techint (Italy, 10%). The sale raised 631 million. 30% sold to public in 1991, raising some 868 million, 10% went to the company's employees. |
| Australia | Optus (formerly AUSSAT) | 1,200 | 1991 | 100 | AUSSAT, domestic satellite operator was sold to Optus Communications (24.5% Bell South, 24.5% Cable &Wireless, 51% Optus Proprietary, and Australian consortium). The price included a general carrier licence. |
| Czech Republic | SPT Telecom | 1,450 | 1994, 1995 | 49 | In 1994, 30% of the company was released to the general public, through vouchers, given away for free. Private sale of 27% to Swiss Telecom and Netherlands PTT in 1995 through a capital increase. Investors paid 1.32 billion in cash and committed to privide know-how services worth 130 million. After the capital increase, the government owns 51%. |
| Hungary | MATAV | 1,727 | 1993, 1996 | 67.2 | 30.2% sold in 1993 for 875 million and 37% in February 1996 for 852 million to the Magyarcom consortium (Ameritech/Deutsche Telecom). |
| Indonesia | PT Indosat | 1,119 | 1994 | 35 | 10% of the capital was offered on Jakarta and Surabaya Stock Exchanges raising 316 million, 25% on the New York Stock Exchange in the form of American Depositary Shares (ADS) raising 873 million: the government maintained 65%. |
| Indonesia | PT Telcom | 1,590 | 1995 | 19 | 12.5% sold on the domestic market, raising some 1,040 million, 6.5% constituted the international tranche, raising some 540 million. |
| Malaysia | Telecom Malaysia | 1,287 | 1990, 1993 | 22.6 | 14.9% was sold in Septermber 1990 raising 870 million. The second public offering took place in 1993. |
| Portugal | Portugal Telecom | 1,925 | 1995, 1996 | 49 | In 1995, the sale of 28% raised some 977 million. In June 1996, the sale of 21% raised some 948 million through a domestic and international offering. 12.7 million shares out of 37.35 million shares were reserved for employees and small investors. The government owns 51% of the company. |
| Spain | Telefonica de Espana | 1,579 | 1992, 1993, 1995 | 13.5 | The state reduced its stake insignificantly from 33.69% to 33.63% in 1992, then to 31.86% in 1993 and then to 20.16% in 1995. The transactions raised respectively 7 million, 146 million and 1,426 million. |
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