Latest Comments

  • PREMCHANDRA J LOKHAN... More
    i support ericsson as rcom can dupe anyone , they had... Sunday, 14 October 2018
  • Bud Biswas More
    Our company, Polaris Networks, has helped other smaller... Friday, 12 October 2018
  • Developing Telecoms More
    That is correct - it is the coastline of Equatorial Guinea,... Friday, 12 October 2018
  • Xavier Muñoz More
    This photo is not from São Tomé e Príncipe Thursday, 04 October 2018
  • adewalebeke@yahoo.co... More
    Hello,
    My name is Adewale. I am a Healthcare Manager in... Friday, 21 September 2018

Deutsche Telekom and Cinven bidding for Telekom Slovenije

Two bidders have emerged for the Slovenian incumbent Telekom Slovenije.

The sale of the operator was delayed in July 2014 while the previous government awaited the results of that month’s parliamentary elections.

As speculated in January, when it was announced that the privatisation process would be resumed, Deutsche Telekom and investment fund Cinven both proved to be interested in acquiring the operator. Both bidders are reportedly offering around €110-115 (around $120) per share, although neither has commented on this.

These bids are actually below Telekom Slovenije’s market price due to certain liabilities: in addition to decreasing revenues, the operator is facing legal action on numerous fronts for allegedly abusing its market dominance.

The fixed-line incumbent, Telekom Slovenije also leads the country’s mobile market with around 1.15 million connections, giving it a 52% market share. Worth around $1 billion, it is the largest of the 15 state enterprises that the government elected to privatise in 2013. The revenue from these privatisations will be used to reduce public debt – roughly 81% of GDP last year.

 

Comments powered by CComment