Slovakia to sell Slovak Telekom stake in tender or IPO
Slovakia’s Finance Minister, Ivan Miklos has stated that the country will sell its minority stake in Slovak Telekom in an international tender or an initial public offering.
According to him, a potential IPO could take place on the Prague, Warsaw and Bratislava stock exchanges.
He added that the privatization of the country’s telecommunication services provider could be completed within 18 months.
Deutsche Telekom already has a 51% stake in the Slovak firm.
EU expands Slovak Telekom anti-trust probe to Deutsche Telekom (Europe)
European Commission, the European Union’s highest antitrust authority has extended an investigation into whether Slovak Telekom violated anti-monopoly rules to the telco’s parent, German heavyweight Deutsche Telekom (DT).
In 2009 the commission began probing the incumbent Slovakian PSTN operator, which uses the T-Com brand, concerning alleged infringements mainly relating to broadband internet access services.
In a statement, it confirmed that the inquiry had now been broadened to the parent group, claiming the extension of the proceedings to Deutsche Telekom is to establish whether Deutsche Telekom may have been involved in one or more of the suspected infringements or may be held liable for one or more of them.
Slovak Telekom nine months’ sale down by 4% (Slovakia)
Slovak Telekom has reported revenues for the first nine months of this year of US$994.9 million, down by 4% year-on-year, trailing the decline to significant reductions in the prices of some services due to regulation, as well as an overall decrease in prices for telecoms services in the Slovakian market.
EBITDA reached US$443.50 million in January-September 2010, down by 8.9% y-o-y. Consolidated net profit fell by 12.4% y-o-y to US$152.23 million.
The company’s fixed network revenues in the first three quarters of the year rose 4% y-o-y to US$488.87 million, as declining traditional PSTN voice revenues were offset primarily by increasing revenues in internet and IT services. Fixed division EBITDA was down 2% to US$190.15 million.
T-Mobile Slovensko to merge with Slovak Telekom
www.WirelessFederation.com/news: Slovak Telekom has adopted a plan to implement the legal merger of Slovak Telekom and T-Mobile Slovensko with effect on July 1, 2010. The decision was taken following the decisions of its Board of Directors and that of mobile subsidiary T-Mobile Slovensko on February 11, 2010.
The combined company will retain the brands, T-Mobile and T-Com (fixed and broadband) and will continue under the legal entity of Slovak Telekom.
A new Executive Management Board line-up has also been announced by the telco which will be effective from the same date. The restructuring is in line with strategic policy at parent group Deutsche Telekom.
100,000 additional homes covered by Slovak Telekom’s FTTH
www.WirelessFederation.com/news: More than 315,000 households are covered by the fibre-to-the-home (FTTH) network of Slovakian incumbent PSTN operator Slovak Telekom, highlighting an increase of 100,000 in twelve months.
Services such as ‘Magio TV’ IPTV channels and internet access at speeds of up to 80Mbp is delivered and 19 cities including Banska Bystrica, Kosice and the capital, Bratislava is reached by the network.
The company is also planning to roll out FTTH to additional areas in these cities, as well as to other towns, during this year.
T-Mobile Slovensko had 2.2 Mln. Clients in Late June 2007(Slovakia)
Mobile operator T-Mobile Slovensko, a.s., closed the first half of this year with 2.2 million clients, as shown by the report published by Slovak Telekom group. The number of post-paid service customers rose 24 percent y/y to 1 million this June. The company announced net growth of active migration of 199,000 customers from the sector of pre-paid cards. Despite this significant migration, the number of customers with pre-paid cards decreased by a mere 1 percent y/y thanks to total influx of customers to the company. The number of pre-paid service customers amounted to almost 1.2 million in late June.
Average revenue per user (ARPU) was SKK 588 in late June, which is a drop of almost 2 percent y/y. The company explained this moderate drop with the lower average price of most services, thanks to which average user spending on telecommunications services is lower than in the past. Revenues from non-voice services grew twice as fast as the number of customers with y/y growth exceeding 10 percent. Non-voice services made up about 16.4 percent of ARPU in H1 2007, while their share was only 15.7 percent a year ago.
In the first half of 2007, T-Mobile Slovensko reported total revenues of SKK 8.343 billion, which is an increase of 9 percent y/y. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached SKK 3.932 billion, which is 5 percent more than a year ago. Change of the EuroTel trade name in T-Mobile was enabled through acquisition of an additional 49 percent stake in EuroTel by Slovak Telekom (ST), from the consortium Atlantic West B.V. EuroTel thus became a 100 percent subsidiary of Slovak Telekom, whose majority shareholder is Deutsche Telekom (DT). T-Mobile is a mobile division of DT. Slovak Telekom paid SK 10.225 billion for its 49 percent share in EuroTel.
The third mobile operator in the country, Telefonica O2 Slovakia, registered 455,000 clients in late June 2007. Data on the number of customers of T-Mobile’s main competitor, Orange Slovensko, is not available at the moment. It had over 3 million active clients in late 2006.
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