Tusmobil reportedly sold for EUR150 million

16 Aug 2010

Slovenia’s Tus Holding has reportedly signed a deal to sell cellco Tusmobil for close to EUR150 million (USD191 million) in a transaction to be completed when the buyer deposits the required amount around the beginning of September, reports Finance.si, quoting unofficial sources cited by another publication, Delo. The buyer has not been identified but likely candidates are listed as France Telecom (Orange), Germany’s Deutsche Telekom (T-Mobile) or Sweden’s Tele2, none of which yet have a mobile presence in Slovenia, although all three are active in nearby countries, for instance Slovakia and Croatia. Due diligence and negotiations on the sale reportedly lasted for a year. Tusmobil began commercial operations in October 2007 and had 183,000 2G/3G customers by the end of March 2010, according to TeleGeography’s GlobalComms Database. In June 2009 the mobile operator was integrated with its sister company Tus Telekom to offer converged packages of broadband internet access, IPTV, mobile, and traditional PSTN or IP-based telephony.

Slovenia, Telemach Mobil (formerly Tusmobil)