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Telekom Slovenije sale in doubt after govt receives lone bid

2015-04-14 02:00:00| Total Telecom industry news

U.K. private equity firm reportedly makes low-ball offer for incumbent telco.

Slovak Telekom prepares for IPO with state stake sale

2015-04-09 11:22:00| Telecompaper Headlines

(Telecompaper) The Slovakia government will offer its shares in Slovak Telekom in the form of an IPO on the Bratislava and London stock exchanges, said the minister of economy Pavol Pavlis and head of the National Property Fund Branislav Bacik. The government approved the transfer of the 34-percent stake held by the Ministry of Economy to the National Property Fund, which will then conduct the sale of the whole 49-percent state share. Part of the shares will be offered for sale to the public in Slovakia. Citizens will be offered a 5-percent discount on shares worth up to EUR 10,000. Deutsche Telekom does not plan to sell any of its shares in the IPO and will keep its 51 percent holding. Citigroup and JP Morgan are acting as joint global coordinators and joint bookrunners and Erste Group and Wood & Co are acting as joint lead managers. The government expects to complete the process by the end of the first half of the year. The sale via IPO is a priority for the government and the pre-emptive right of the majority shareholder Deutsche Telekom is not considered an obstacle. The pre-emptive right is triggered only if a third party makes an offer for the company, which was not the case. Although Pavlis did not expand on how much the sale might bring in, Slovak media have in the past estimated that the stake could be worth EUR 600-800 million. Slovak Telekom reported 2014 EBITDA of EUR 310.7 million on sales of EUR 767.6 million.

Tags: state sale telekom ipo

Slovak Telekom to list in London, Bratislava

2015-04-08 02:00:00| Total Telecom industry news

Slovakian telco shares IPO plans, says Deutsche Telekom will retain its 51% stake.

Tags: list london telekom slovak

Telekom Srbija to use MTS brand for all services

2015-04-06 16:00:00| Telecompaper Headlines

(Telecompaper) Telekom Srbija announced that from now on it will use the MTS brand for all its telecommunications services, not just mobile. The mts brand, now featuring a new visual identity, brings together under one roof all the company's services - fixed and mobile telephony, internet, TV and other multimedia services. At the same time, a redesigned Telekom Srbija logo will be used in corporate communications, institutional actions of the company, as well as socially responsible projects, for support to culture and sports and other fields of activity of the company.

Tags: services brand telekom mts