Slovenian lawmakers have approved the proposed sale of Telekom Slovenije to the private sector, in order to address the country’s budget deficit.
It is being sold alongside 14 other state-owned companies. The action was voted for by 46 MPs while 20…
Slovenian lawmakers have approved the proposed sale of Telekom Slovenije to the private sector, in order to address the country’s budget deficit.
It is being sold alongside 14 other state-owned companies. The action was voted for by 46 MPs while 20 were against, according to Slovenian Press Agency.
The incumbent operator has a market capitalisation of €699m according to the Ljubljana bourse. The state has a 62.54% direct stake in Telekom Slovenije; taking into account other government-controlled holdings that figure rises to 72.38%.
The government decided to privatise the telco in May following pressure from other European Union members. It will not retain a blocking stake when it divests the operator.
A previous attempt to privatise a 49.13% stake in Telekom Slovenije was cancelled in 2008 after the government rejected bids from the final two candidates – Iceland’s Skipti, and a consortium of Bain Capital, Axos Capital and BT.
