Parliament approves Slovak Telekom sale

23 Mar 2015

Slovakia’s parliament has approved plans to sell off the government’s 49% stake in national fixed and mobile operator Slovak Telekom (ST), Reuters writes. The state will offload its interest in the telco either through a direct sale or via an initial public offering (IPO). As reported by TeleGeography’s CommsUpdate last month, the government has still to decide on the manner of the sell-off, with a statement declaring: ‘The final decision, which of the two forms of sale will be picked, will depend on market conditions and recommendations of investment banks as advisors in this process in order to achieve the most advantageous sale conditions.’ ST is currently 51%-owned by Deutsche Telekom (DT) via holding company CMobil BV.

Slovakia, Slovak Telekom (ST, incl. T-Mobile, DIGI)