Telecommunications privatizations raising over
US$ 5 billion, 1984-1996

International Telecommunications Union


Country Privatized
company
Amount raised
(US$ millions)
Year Stake sold
(%)
Note
Germany Deutsche Telecom 13,360 1996 26 713 million shares were sold in November 1996. 23.7 million went to the employees for 0.34 billion, the domestic tranche (454.2 million shares) raised 8.68 billion and the international tranche (235.3 million shares) raised 4.34 billion.
Japan NTT 70,469 1986,
1987,
1988
34.6 NTT was privatized in three steps: 13.85 billion (12.5%) raised in 1986. 34.4 billion (12.5%) in 1987 and 22.2 billion (9.6%) in 1988 through domestic public offerings. The government still retains some 65%.
Mexico Telefonos de Mexico
(Telmex)
7,769 1990,
1991,
1992
1993,
1994,
55.1 In 1990, 4.4% went to the employees for 325 million (financed through loans) and 20.4% was sold to a consortium including Grupo Carso of mexico, France Telecom and SBC of the U.s: for 1,757 million. In 1991, 15.7% offered to the public (domestic and international public offerings) raising some 2,170 million. In 1991, SBC exercized its option to buy 5.1% for some 467 million, 4,7% was sold in 1992 for some 1.5 billion through a domestic and international offering. 1 billion raised in 1993 for 3.3% of the company. 550 million raised in January 1994 for the remaining 1.5%.
United Kingdom British Telecom 22,931 1984,
1991,
1993
100 BT's privatization was done in three tranches: 5,200 million (51%) were raised in 1984, 9,821 million (27%) in 1991 and 7,910 million (22%) in 1993. The government retains a "golden share".