International Telecommunications Union
| Country | Privatized company |
Amount raised (US$ million) |
Year | Stake sold (%) |
Note (US$) |
| Barbados | Barbados External Telecom | 22 | 1991 | 25 | Cable & Wireless increased its stake to 85%. The government has a repurchase option to be exercised after five years. |
| Barbados | Barbados Telephone Company | 3 | 1991 | 11 | Cable & Wireless increased its stake to 75%. The government has a repurchase option to be exercised after five years. |
| Belize | Belize Telecom | 52 | 1988, 1990, 1992 | 97.5 | 49% sold in 1988, including 25% to BT. In 1990, 13.1% sold to local investors and a further 35.4% in 1991. In 1995, most BT shares passed to MCI. |
| Bolivia | ENTEL | 610 | 1995 | 50 | Private sale of 50% to STET (Italy) |
| Canada | Tele Globe | 467 | 1987 | 100 | The company was originally sold to Memotec but subsequent ownership changes have left BCE as the main shareholder (24.3%). |
| Cape Verde | Cabo Verde Telecom | 20 | 1995 | 40 | Portugal Telecom paid 20 million for a 40% stake in the company in December 1995. |
| Chile | ENTEL | 121 | 1988, 1989 | 69 | The state-owned Corporacion de Fomento de la Produccion (CORFO) gradually sold most of its shares in ENTEL. Telefonica de Espana which had bought up to 20% of ENTEL was asked to withdraw because of its stake in CTC. Its shares went to COINTEL of Argentina. STET acquired an 18% stake in ENTEL for 278 million in December 1995. |
| Chile | CTC | 375 | 1987, 1990 | 100 | Bond Corporation acquired 53% of CTC with investments of 115 million and 155 million in 1987 and 1988 respectively. In 1990, those interests were bought by Telefonica de Espana. |
| Cuba | ETACSA | see note | In 1995, STET (Italy) purchased 25% of CITEL, a Mexican company that owns 49% of ETECSA. Based on the capital stock of CITEL, the value of the transaction was 323 million. | ||
| Estonia | Eesti Telephon | 25 | 1993 | 49 | Private sale of 49% to Telia (Sweden) and Telecom Finland. |
| Ghana | Ghana Telecom | 38 | 1996 | 30 | Private sale of 30% to Telekom Malaysia. |
| Gibraltar | Gibraltar Nynex Communications | 10 | 1989 | 30 | A joint venture was formed between the Government of Gibraltar and Nynex to take charge of Gibraltar's telecomminications. |
| Greece | OTE | 530 | 1996 | 8 | In April 1996, 5% was offered to domestic investors, raising 332 million, 1% was offered to employees, raising 67 million, and 2% was offered to international investors, raising 132 million. |
| Guinea | SOTELGUI | 45 | 1996 | 60 | Private sale of 60% to Telekom Malaysia (no capital calls to date) |
| Guinea Bissau | Guine Telecom | 3 | 1989 | 51 | Private sale to Marconi (now merged into Portugal Telecom). |
| Guyana | Guyana Telecom Corporation | 17 | 1991 | 80 | Atlantic Tele-Network of the U.S. acquired 80%. The government kept the remaining 20%. |
| Ireland | Telecom Eireann | 290 | 1996 | 20 | Private sale of 20% to KPN (Netherlands) and Telia (Sweden). An option for another 15% over three years is reserved for the consortium. |
| Israel | Bezeq | 178 | 1990, 1991 | 24 | Domestic Public Offerings in September 1990 and May 19921 raised respectively 74 million accounting for 6.4% of total capital and 104 million accounting for 17%. The government still owns 76%. As of January 1996, Cable & Wireless had bought up to 10.02% on the Tel-Aviv stock Exchange. |
| Jamaica | TOJ | 84 | 1989, 1990 | 40 | The incorporation of TOJ took place in May 1987, grouping Jamintel in which Cable & Wireless had 49% and Jamaican Telecommunication Corporation in which the state had 90%. By this arrangement C&W received 39% of TOJ. The government of Jamaica sold 20% in 1989 and again in 1990 to C&W which thus incrased its stake up to 79%. |
| Latvia | Lattelcom | 160 | 1994 | 49 | Private sale to TILTS Communications A/S. Cable & Wireless (63%), Telecom Finland (27%) and IFC (World Bank) (10%). TILTS will eventually obtain an equity stake of 49% over a three years period. |
| Mongolia | Mongolian Telecom Company | 11 | 1995 | 100 | Korea Telecom invested 4.5 million for a 40% stake in August 1995. 60% were offered to the public, raising 6.5 million. |
| Pakistan | Pak Telecom | see note | 1994 | In 1994, vouchers worth 327 million were issued, equivalent to one third of the authorized share capita. The vouchers will be exchangable for shares in Pak-Telecom after it is incorporated. | |
| Puerto Rico | Telefonica Larga Distancia | 142 | 1992 | 79 | Private sale of 79% to Telefonica de Espana. |
| Sao Tome | CST | 1 | 1989 | 51 | Private sale to Marconi (now merged into Portugal Telecom). |