Telecom Slovenia to acquire 76% stake in On.net

16 Mar 2006

Telecom Slovenia is looking to acquire a controlling 76% stake in Macedonian alternative operator On.net, according to unconfirmed reports in the Slovenian newspaper Finance. The value of the transaction has not been disclosed.

Broadband service provider On.net was founded in 2000 by two private investors and the American Private Fund SEAF. It has around 3,000 permanent subscribers and up to 20,000 who use its network on an ad hoc basis. It also provides wireless access using Wi-Fi technology and claims to have 1,500 users. The operator’s network covers 23% of the population.

North Macedonia, Telekom Slovenije (incl. Mobitel)