Three remain in race for Telekom Slovenije stake

7 Jan 2008

An international private equity consortium and two telcos have submitted binding bids for a 49.13% stake in Telekom Slovenije offered by the Slovenian government, the country’s privatisation commission announced on Friday as the deadline expired. The three bidders are: a partnership of US equity house Bain Capital (which has branches in Europe and Asia), Germany’s Axos Capital and Slovenia-based BT Globalne storitve; Hungary’s Magyar Telekom (a subsidiary of Deutsche Telekom); and Skipti (owner of Icelandic incumbent telco Siminn). Privatisation commission member Matjaz Jansa revealed that after assessing the bids, the commission had urged all three parties to submit improved offers by 14 January, but declined to give any further details to preserve the confidentiality of any subsequent negotiations.