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 operate an all-IP network and recently adopted the operator's Magenta One converged fixed-mobile strategy.
The acquisition of the remaining shares allows for simplification of the capital and governance structure of Slovak Telekom and will keep a greater share of cash at the operator, due to an end to dividends to minority shareholders. Slovak Telekom is already fully consolidated by Deutsche Telekom, so the transaction has no impact on group revenue and EBITDA. The transaction is not subject to regulatory approvals and is expected to be completed in the coming weeks.
