Deutsche Telekom has acquired the remaining 49 percent stake in Slovak Telekom that it did not already own, just over a month after the opco announced an IPO.

DT has paid €900 million for the outstanding shares in the Slovakian operator, which were formally state-owned.

The purchase gives DT full ownership of the company, which has 4.1 million customers, after it retained its 51 percent majority stake during April’s public listing.

The acquisition is expected to be completed in the coming weeks as it is not subject to regulatory approval.

The Germany-based operator said obtaining full ownership of its subsidiary was in line with its strategy of becoming “the leading integrated pan-European telco operator.”

It also plans to capitalise on Slovak Telekom’s position as the only quad-play provider in Slovakia.

Claudia Nemat, Board Member for Europe and Technology at Deutsche Telekom, commented: “As the only operator in Slovakia with quad-play capabilities, Slovak Telekom is a highly attractive asset. It is the market leader in fixed line, fixed broadband and pay-TV, as well as the second largest mobile player in Slovakia.

“Furthermore, it is the second of our subsidiaries to already offer an all-IP network, and with the recent introduction of its Magenta One converged fixed mobile services continues to be at the forefront of innovation within our Group."

Deutsche Telekom launched its pan-European IP network during this year’s Mobile World Congress, which offers a standardised platform for its opcos in Croatia, Hungary and Slovakia.

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms