ONE losing ground in Macedonia, report says

25 Jan 2012

News portal Slovenska Tiskovna Agencija reports Telekom Slovenije as saying that its fixed and mobile asset in Macedonia, ONE Telekomunikaciski (including on.net and Cosmofon) is encountering strong competition in the country, and that in the third quarter of 2011 it dropped from second to third place in terms of mobile market share, behind Telekom Austria-owned VIP Mobile. The market leader remains T-Mobile Macedonia – a subsidiary of Deutsche Telekom, held through Magyar Telekom.

As reported by CommsUpdate, earlier this month the Slovenian incumbent telco increased its equity holding in 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 Telekom Slovenije 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 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)