The main shareholders of Slovenian incumbent telco Telekom Slovenije – mainly state organisations or government-owned companies – have signed an agreement to proceed with the sale of a combined 72.75% controlling stake in the fixed line, broadband and mobile operator, the local STA news agency reported on 30 August. As previously reported by CommsUpdate, in June 2013 the government’s latest privatisation plans for stakes in the telco and 14 other enterprises were approved by Parliament, as part of Slovenia’s efforts to avoid a European Union bailout. The Republic of Slovenia directly owns a 62.54% stake in Telekom Slovenije, while another 9.84% is held by state investment funds – Slovene Compensation Fund (SOD, 4.25%) and Kapitalska druzba (KAD, 5.59%) – according to the company’s Q2 2013 financial report. At the end of June 2013 other stakes were held by: individual shareholders (11.03%), domestic corporations (8.76%), institutional investors (2.07%), foreign corporations (5.18%) and brokerage houses (0.12%), with 0.46% registered as treasury shares. As at 30 June 2013 the ten largest shareholders held 77.86% of Telekom Slovenije’s share capital, down 0.31 percentage points from end-2012.