Two firms target Tusmobil takeover

6 Oct 2014

The Slovenian cellular operator Tusmobil has become a takeover target for at least two firms, local news portal Finance.si writes, with an estimated selling price of EUR150 million (USD188 million). Domestic cable TV operator Telemach and Telekom Austria are both reported to be interested in acquiring the country’s third largest mobile network operator. Telekom Austria is already present in Slovenia via number two wireless operator Si.mobil, and a tie-up with Tusmobil would give it around 43% of all subscribers, creating a larger competitor for clear market leader Telekom Slovenije. Telemach, meanwhile, offers cable TV, telephony and internet services and is the country’s second largest broadband provider in terms of subscribers.

Tusmobil is currently wholly owned by Tus Holding, itself 100% owned by Mirko Tus, head of Slovenian retailer EngroTus, who also bought fixed line, broadband and mobile operator Voljatel in November 2006 and renamed it Tus Telekom.