Deutsche Telekom close to deal for Slovak Telekom - report

Wednesday 13 May 2015 | 17:50 CET | News
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

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Categories: General
Companies: Deutsche Telekom / Slovak Telekom
Countries: Slovakia
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