Economy minister keen to get Telekom privatisation back on track

23 May 2012

Slovakia’s new Economy Minister, Tomas Malatinsky, has said that the state should resume a plan to sell its 49% stake in incumbent PSTN operator Slovak Telekom (ST), reports Reuters. TeleGeography’s GlobalComms Database says that Slovakia’s previous government had planned to offload its shares in ST by autumn 2012 at the latest, preferably via an initial public offering (IPO), partly due to disgruntlement at majority owner Deutsche Telekom refusing to pay dividends. However, when the coalition collapsed in October 2011 privatisation plans were suspended, although they had been expected to get back on track following the leftist Smer-SD party’s outright win at the March 2012 elections.

Slovakia, Slovak Telekom (ST, incl. T-Mobile, DIGI)