Telekom Slovenije attracts at least ten bidders

5 Jun 2014

The Slovenian government’s sale of its stake in fixed and mobile operator Telekom Slovenije has reportedly attracted around ten bidders, including at least seven investment funds and several strategic bidders. According to Telecompaper, which cites Ljubljana-based daily Dnevnik, the deadline for submission of bids has been extended for another week due to ‘unforeseen developments’. According to the Dnevnik report, potential bidders include Deutsche Telekom (the favourite), Sistema of Russia and Portuguese firm Sonae (a shareholder in Zon Optimus), as well as private equity groups such as Cinven and Providence. A buyer is expected to be announced by 10 August.

On 2 April 2014 the state investment fund SOD published a notice of invitation for submissions of interest in the 72.75% combined stake of the central government, SOD, another state investment fund KAD and three insurance organisations, plus 2.83% held by additional shareholders joining the sellers, bringing the total stake on offer to 75.58%. The government hopes to achieve a sale price of over EUR700 million (USD957 million).

Slovenia, Deutsche Telekom (DT), Nos, Sistema, Telekom Slovenije (incl. Mobitel)