Telekom Slovenije ups ONE stake to 53.99%

4 Jan 2012

Slovenian incumbent Telekom Slovenije has increased its equity holding in Macedonian alternative fixed line operator and mobile provider ONE Telekomunikaciski to 53.99%, by acquiring the shares held by its Netherlands-based subsidiary SIOL through a series of capital hikes totalling EUR90 million (USD117.4 million). On 12 December 2011 the Slovenian telco purchased a further 11.15% share of ONE for EUR30 million, following which it snapped up an additional 8.14% stake for a similar amount of money on 19 December. Its latest purchase – again for EUR30 million – is for a 6.21% share and upon completion of the capital increases, Telekom Slovenije will own 53.99% of ONE, while the share of SIOL (in liquidation), will reduce to 46.01%.

North Macedonia, ONE (incl. on.net and Cosmofon), Telekom Slovenije (incl. Mobitel)