Telekom Slovenije demands T-2 insolvency

22 Sep 2010

Finance.si reports that Slovenia’s incumbent PSTN operator Telekom Slovenije filed a motion for bankruptcy of alternative telco T-2 at the Municipal Court in Maribor at the end of last week. Telekom Slovenije announced that it took the action because T-2 had not been settling its monetary obligations since 2008. Furthermore, Telekom claimed that T-2’s losses in 2008 and 2009 exceeded half of share capital of the company, making it technically insolvent and thus justifying the bankruptcy motion. Telekom has EUR12.6 million (USD16.6 million) in claims against T-2 and expects at least a portion of the debt to be settled.

Slovenia, T-2, Telekom Slovenije (incl. Mobitel)