Only companies with average turnover of 1 billion lei (EUR0.225 billion) over the past three years may file bids, according to the ministry. Moreover, they must prove they have offered advice on other privatizations of local or international companies in the last ten years.
In the case of consortia, at least one member must meet the requirements.
Auction papers cost EUR10,000 and may be acquired starting Monday, October 7, from the headquarters of the ministry.
The auction participation guarantee is RON2.3 million. Companies interested in advising on the sale have until November 7 to submit bids, which will be opened on the same day.
The Communications Ministry said in July it wanted to contract consulting services to sell its 45.99% stake in Romtelecom.
The government wants to sell its stake on the bourse but is waiting for an opinion from the future adviser.
Romania also tried to privatize Romtelecom in 2005 and 2008 but failed.
The telecom operator is majority owned by Greek group OTE, which has been controlling 54.01% of the shares since 2001.
Romtelecom registered loss of RON232.02 million and turnover of RON3.02 billion in 2010.
Its loss rose to RON884.64 million in 2011 and its turnover fell to RON2.8 billion.
The company switched to profit, of RON312.63 million, in 2012. Its turnover amounted to RON2.73 billion last year. (EUR1=RON4.4306)