Telekom sale aims to attract DT, private equity groups

13 Dec 2013

The government of Slovenia is hoping to attract interest from Deutsche Telekom (DT), Norway’s Telenor and other telecoms groups in a sale of a roughly 75% stake in Telekom Slovenije, Reuters cites two people familiar with the deal as saying. Private-equity groups (including Cinven and Providence) which lost out in the auction of Serbian cable operator SBB are also likely to look at Telekom Slovenije, the sources said. Citigroup has been hired to organise the sale of the majority stake in the Slovenian fixed line, broadband and mobile operator. State investment fund Slovene Compensation Fund (SOD), which is coordinating the sale with the government, said Citigroup would propose the mode and timing for the sale and invite potential bidders.

As previously reported by CommsUpdate, at the end of August the main shareholding parties of Telekom Slovenije signed an agreement to proceed with the sale of a combined 72.75% controlling stake in the fixed line, broadband and mobile operator. According to the company’s Q3 2013 financial report, 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%).

Slovenia, Deutsche Telekom (DT), Telekom Slovenije (incl. Mobitel), Telenor Group