Telekom Slovenije gears up for privatisation in August

21 May 2007

The international tender for the sale of a minority stake in Telekom Slovenije is expected to be launched by the end of August, Slovenia’s Finance Ministry has announced. The Slovenia Press Agency reports that CA IB Corporate Finance has been selected as a consultant for the planned sale of a 39% in the state-run telco to a strategic investor. Telekom Slovenije is 62.53%-owned by the Republic of Slovenia, whilst funds, brokerage firms and investment companies hold 28.84%, and 8.63% is held by private investors. Taking into consideration the state funds KAD and SOD, the government controls 74% of Telekom, and intends to keep a controlling stake of 25% plus one share. A stake of up to 10% will be earmarked for compensation to investors in accordance with a law on the return of investments in the public telecommunications network.

Slovenia, Telekom Slovenije (incl. Mobitel)