Slovenia to decide on telco privatisation this week

1 Jun 2015

The Slovenian government is expected to make a decision on the future of Telekom Slovenije this week, with reports suggesting that it is ready to accept a revised offer from UK-based private equity group Cinven. It is thought that Cinven is willing to pay up to EUR130 per share for the state’s 72.75% interest in the telco, though the final total would be based on Telekom’s future performance, plus the outcome of ongoing lawsuits. Local newspaper Dnevnik says that Slovenian Sovereign Holding (SSH), the body which holds the government’s shares, is set to accept the Cinven offer, with no other bids on the table, though opponents of the sale say the government is undervaluing Telekom and the sale should be cancelled.

Slovenia, Cinven, Telekom Slovenije (incl. Mobitel)