The National Property Fund made public the conditions for a telecoms company to join a financial investor in the privatization tender. The privatization committee defined a “significant” telecoms operator as an operator which in the last three fiscal years showed revenues from telecoms activities above EUR 500m, and ‘substantial’ influence as an operator that has at least a 20% stake and 20% voting rights in a consortium. These criteria should not negatively affect any of the tender participants. Even the rumored Tiscali, which is to join PPF/J&T, had in the last three years revenues above the indicated threshold. Neutral. Source: Bloomberg