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General

DT agrees Slovak Telekom buy-out for EUR 900 mln

Tuesday 19 May 2015 | 13:26 CET | News
Deutsche Telekom announced an agreement to acquire the remaining 49 percent in Slovak Telekom it does yet own from the Slovakia government for EUR 900 million. The Slovak government earlier planned an IPO for its stake, until it received a better offer from the German operator. Deutsche Telekom said the price corresponds to an enterprise value of 3.8 times the operator's EBITDA. Claudia Nemat, DT board member for Europe, said ST is a "highly attractive asset", as the only quad-play provider in Slovakia and leading fixed-line operator. Furthermore, it is the second of DT's subsidiaries to

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