Separation of Postal and Telecommunication Activities |
Corporate Solutions was awarded a contract by Hrvatska Pošta i Telekomunikacije d.o.o. Mostar (HPT), the postal and telecom company operating in the Croatian community of Bosnia & Herzegovina, to prepare a plan for the separation of the company's Postal and Telecommunications activities and setting them up as autonomous businesses. The plan included the following: separate five-year financial projections for the post and telecom activities; details of the short and long term financing requirements for post operation to ensure ongoing and solvent business; methods for the separation of assets, liabilities and resources between the new businesses; determination of the level of subsidy required by post from telecom; and definition of legal requirements and a plan for the implementation of the separation. The proposed separation plan was approved by the management of the company and the government. |