The Slovenian government has announced that it will publish a tender for the sale of a 49.13% stake in incumbent telco Telekom Slovenije on 24 August. The valuation of the national PTO is due to be completed by mid-September, while the deadline for accepting bids is scheduled for 8 October. Matjaz Jansa, head of the Electronic Communications Directorate of the Economy Ministry, said he would be surprised if the valuation of Telekom was equal or higher than its market value – currently EUR3.2 billion (USD4.4 billion) on the Ljubljana Stock Exchange. Jansa added that the tender will include three options: to sell the entire stake; to sell part of the company with a three-year suspension; or a cross-ownership arrangement. According to Jansa, between ten and 15 bidders have already expressed an interest, including European telecoms groups and global financial companies. Likely frontrunners suggested in the financial press include Spain’s Telefonica and Germany’s Deutsche Telekom.