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Eesti Telekom shares fetch top price in range

Feb 18, 1999
Rebecca Santana

TALLINN - After months of negotiation and discussion, shares of the Estonian telecommunications company, Eesti Telekom, were sold in a sale that officials said was extremely successful.Telekom officials announced at a Feb. 10 press conference that shares in the newly privatized Eesti Telekom went for 85 kroons ($6.15), the highest possible price in the 67 to 85 kroon range set before the subscription process began. The sale was 18 times oversubscribed.The sale raised 3.061 billion kroons for Est ...

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