Telekom Slovenije to offload Primo

3 Oct 2013

Telekom Slovenije has announced plans to sell off its Albanian broadband arm, Primo, as part of the group’s consolidation strategy, intended to stabilise revenues and cut costs, Slovenian news portal Finance writes. Primo registered losses of EUR1.4 million (USD1.9 million) last year as a result of write-downs. TeleGeography’s GlobalComms Database notes that at the end of June 2013, Primo claimed 3,384 broadband subscribers equating to around 2.0% of the market, down from 3,419 (2.3%) a year earlier. Telekom Slovenije increased its stake in the provider to 100% in January this year, purchasing the 30% it did not already own for an undisclosed sum.

Albania, Telekom Slovenije (incl. Mobitel), Vivo Communications