T-2 recapitalised for eighth time

18 Nov 2008

Slovenian financial firm Zvon Ena Holding (Zvon-1) has recapitalised alternative telco T-2 by turning debt claims worth EUR9 million into an additional stake in the fixed broadband and mobile operator, reports local news source vecer.si. An additional EUR2.5 million was invested in T-2 by another company, Finetol, which controls around a quarter of the operator’s shares. The report said that the recapitalisation – at least the company’s eighth since it was founded – increased its basic capital to EUR67.9 million. According to TeleGeography’s GlobalComms database, Maribor-based T-2 launched triple-play IP telephony, broadband internet access and 120-channel digital television services over an unbundled VDSL network in October 2005. By August 2008 T-2’s fibre-to-the-home (FTTH) connections were available in the capital Ljubljana as well as Kranj, Koper, Maribor, Murska Sobota, Novo Mesto and Velenje. T-2 won a UMTS mobile licence in September 2006, and commercial 3G services were introduced with limited coverage in July 2008 following a trial launched the previous December.

Slovenia, T-2