Telekom Slovenije privatisation to launch ‘in February’; telco plans Gibtelecom sale

27 Jan 2014

The privatisation of Telekom Slovenije is scheduled to be launched by the end of next month, with the Slovenian government looking to raise a ballpark figure of EUR700 million (USD957 million) from selling its majority stake in the incumbent, according to unnamed sources cited by TMT Finance. Citigroup has been hired to organise the sale of the majority stake in the fixed line, broadband and mobile operator, and investment banking advisers are in the process of speaking to prospective bidders, which are said to include Deutsche Telekom and Telenor, as well as private equity groups such as Cinven and Providence.

Separately, Telekom Slovenije is reportedly planning to sell its 50% stake in Gibraltar’s Gibtelecom, a move which had been rumoured by the Slovenian press in November 2013. The Slovenian firm acquired the stake in Gibtelecom for EUR36.8 million in April 2007, while the other 50% is held by the government of Gibraltar.

Gibraltar, Slovenia, Gibtelecom, Telekom Slovenije (incl. Mobitel)