Slovenia considering options for Telekom Slovenije stake

18 Jan 2022

The Slovenian government is considering a sale of all or part of its stake in national fixed and mobile operator Telekom Slovenije. The state holds a direct 62.54% interest in Telekom Slovenije, while another 9.84% is shared between state investment funds Kapitalska druzba (KAD, 5.59%) and Slovenia Sovereign Holding (Slovenski Drazvni Holding [SDH], 4.25%).

A report from RTV Slovenia says that the government has approved the annual capital investment plan for SDH. Discussing the telco, the document states that SDH is ‘planning an analysis of the industry, an analysis of the Telekom Slovenije Group’s operations, an in-depth analysis of competition, a look at consolidation options and an overview of possible activities to increase the company’s value and value for owners’. The report from RTV goes on to note that SDH has previously confirmed that it is looking for a strategic partner to invest in the telco.

Slovenia has attempted to privatise Telekom Slovenije three times already, most recently in 2015 when an offer from UK investment firm Cinven was withdrawn when the two sides could not agree terms.

Slovenia, Telekom Slovenije (incl. Mobitel)