Telekom Slovenije could sell Macedonian venture ONE post-privatisation

1 Jul 2014

According to an unconfirmed report from online journal Seebiz, Telekom Slovenije could look to divest several of its international subsidiaries after its privatisation, with Macedonian altnet ONE tipped as the prime candidate to go. Unnamed sources suggest that ONE (the unit formed through the merger of and Comsofon) is struggling to compete in a market dominated by incumbent Makedonski Telekom, leaving it a likely contender to be sold.

The Slovenian government’s sale of its stake in fixed and mobile operator Telekom Slovenije has attracted around ten bidders, including at least seven investment funds and several strategic bidders. According to a report in the Dnevnik newspaper last month, potential bidders include Deutsche Telekom (the favourite), Sistema of Russia and Portuguese firm Sonae (a shareholder in Zon Optimus), as well as private equity groups such as Cinven and Providence.

On 2 April 2014 the state investment fund SOD published a notice of invitation for submissions of interest in the 72.75% combined stake of the central government, SOD, another state investment fund KAD and three insurance organisations, plus 2.83% held by additional shareholders joining the sellers, bringing the total stake on offer to 75.58%. The government hopes to achieve a sale price of over EUR700 million (USD957 million).

Macedonia, Telekom Slovenije (incl. Mobitel), ONE (incl. and Cosmofon),


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