Slovenia’s Economy Ministry has announced that seven companies have been shortlisted for the purchase of a 49.3% stake in incumbent state-owned telco Telekom Slovenije. Three other bids did not meet the conditions of the public tender while two were judged to be of insufficient quality. The seven shortlisted bids came from the British-German consortium Bain Capital & Axos Capital (which was joined by Slovenia’s BT Globalne), Luxembourg-US buyout fund CEP III/Carlyle, Croatian telco T-Hrvatski Telekom (T-HT, owned by Germany’s Deutsche Telekom), Hungary’s Magyar Telekom (also owned by Deutsche Telekom), Australia’s Macquarie Bank, UAE-based holding company Oger Telecom (parent of Turk Telekom amongst others) and Iceland’s Skipti (parent of the island’s incumbent telco Simmin). Of the bids that were ruled out, Slovenian retailer EngroTus (part of a group owning Tus Telekom [Voljatel] and Tus Mobil) failed to show its financial sources as demanded in the public call, whilst the other eliminated bidders were international investment group Apax Partners Worldwide, the US’s SAC Private Capital Group, UK-based fund Providence Equity, and another British investment firm, Babcock & Brown. The bids were graded according to a weighted scale based on 70% for price and 30% for meeting the goals set down in the tender. The shortlisted bidders will now get an opportunity to carry out due diligence, beginning on 2 November, and will have until 18 December to file binding offers for the telco. The government has announced that companies with the same majority owner will only be able to file a single binding bid, in reference to T-HT and Magyar Telekom.