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Tag: slovak
Deutsche Telekom close to deal for Slovak Telekom - report
2015-05-13 17:50:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom is close to a deal to buy the rest of Slovak Telekom after it offered the local government about EUR 900 million, three people familiar with the matter told Bloomberg. The German company, which bought 51 percent of Slovak Telekom in 2000, is in talks to pick up the 49-percent the Slovak government had planned to sell in an initial public offering. The buyout would include locking EUR 100 million in an escrow account until pending legal disputes are settled, the report said. The cabinet of Prime Minister Robert Fico put aside the planned IPO after it got a better offer from an undisclosed strategic investor, Finance Minister Peter Kazimir said earlier this month. This is thought to be Deutsche Telekom, which is likely willing to pay a premium to gain control of the company.
Tags: report
close
deal
deutsche
Deutsche Telekom said to offer 900m for Slovak Telekom
2015-05-13 02:00:00| Total Telecom industry news
Slovak government will discuss German incumbent's bid in the coming days, according to media report.
Tags: offer
deutsche
telekom
slovak
Slovak Telekom to be sold directly instead of via IPO
2015-05-08 10:08:00| Telecompaper Headlines
(Telecompaper) Shares in Slovak Telekom are to be sold directly and not via the stock exchange after all, after the government received a more favourable offer from a strategic investor. This is most likely to be Deutsche Telekom, according to eTrend.sk, as it has the right of first refusal. Interim economy minister Peter Kazimir justified the government's decision by saying it would attract a higher price.
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directly
sold
telekom
Slovak Telekom IPO canned after alleged Deutsche Telekom bid
2015-05-08 02:00:00| Total Telecom industry news
Government reportedly receives better offer from German incumbent.
Tags: bid
deutsche
alleged
telekom
Slovak Telekom launches IPO
2015-04-22 09:52:00| Telecompaper Headlines
(Telecompaper) The Slovak government launched a public offering of its 49 percent stake in former monopoly Slovak Telekom on 21 April and is seeking to raise up to EUR 1 billion, reports Reuters. The price range for the initial public offering (IPO) was set at EUR 17.70 - 23.60 per share. Slovak Telekom, which is majority-owned by Deutsche Telekom, said the offer for institutional investors would start on 21 April and close on 06 May. For retail investors, it begins on 22 April.
Tags: telekom
ipo
launches
slovak