International Telecommunications Union
| Country | Privatized company |
Amount raised (US$ million) |
Year | Stake sold (%) |
Note (US$) |
| Belgium | Belgacom | 2,400 | 1996 | 49 | A consortium that includes Ameritech (USA) (40%), TeleDanmark (33%) and Singapore Telecom (27%) bought 49% of Belgacom. |
| Danmark | TeleDanmark | 3,035 | 1994 | 48.3 | Tele Danmark first repurchased shares from the governmet for some 172 million and then issued shares: 1,178 million were raised through ADS (American Depositary Shares), some 1,830 million were raised through a classical public offering and some 11 million from shares sold to the company's employees. In the process, the government only retained 5.7% of the amount raised. |
| Korea | Korea Telecom | 3,514 | 1993, 1994, 1996 | 28.8 | 10% sold in public offering in April 1993 raised 898 million. 10% sold in two open domestic competitive bidding in 1994 (5% each raising respectively 622 million and 844 million). 8.8% raised 1.15 billion in 1996 (fourth quarter). |
| New Zealand | Telecom Corporation of New Zealand | 2,500 | 1990 | 100 | Private sale to Ameritech and Bell Atlantic of the USA (50% each) with the obligation for them to reduce their stake to 24.9% within 3 years, which they did. |
| Netherlands | KPN | 3,791 | 1994 | 30 | 30% of KPN sold by the governmet on the amsterdam Stock Exchange. |
| Peru | Telefonica del Peru |
3,202 | 1994, 1996 |
Telefonica de Espana paid 1,392 million to the Peruvian government for a 35% stake in ENTEL-Peru and Compania Peruana de Telefonos (CPT). As part of the agreement, Telefonica also invested 610 million in CPT. The Peruvian companies were merged into Telefonica de Peru. In 1996, 26.6% was sold (domestic and international public offering) for 1.2 billion. | |
| Singapore | Singapore Telecom |
4,336 | 1993, 1996 |
11% sold on Singapore Stock Exchange in October 1993, raising 2,654 million (1.18% was purchased by foreign investors, corresponding to 285 million). 0.67% sold in July 1996, raising 261 vmillion. 5% were sold in November 1996, raising 1,421 million. | |
| Venezuela | CANTV | 2,792 | 1991, 1996 |
Private sale in 1991 of 40% (but with majority voting control), raising 1,900 million, to Venworld consortium which includes GTE (USA), AT&T (USA), Telefonica de Espana, and two Venezuelan partners. In November 1996, domestic and international public offering raised 892 million for 49% of the company. |