National Property Fund of SR has sold its 49% stake in Slovak Telekom to Deutsche Telekom
May 2015 — Deutsche Telekom, the majority shareholder of Slovak Telekom, has acquired the remaining 49% stake in the company for US$1 billion.
Slovak Telekom, part of the Deutsche Telekom group, is the largest multimedia and telecommunications operator in the Slovak Republic, offering a full range of broadband, fixed telephony, Pay TV, mobile data and voice services as well as a comprehensive suite of ICT services.
Deutsche Telekom is one of the world's leading integrated telecommunications companies. With more than 228,000 employees and present in 50 countries, Deutsche Telekom further develops its strategy and aims to become the leading European telecommunications provider.
The Slovak government was running a dual-track process in order to dispose its 49% stake in Slovak Telekom. The intended IPO was not completed and the process was finalized as a direct sale to majority owner Deutsche Telekom, as the price offered exceeded the proceeds expected to be raised through a public listing.
Our role in the transaction
Oaklins' team in Slovakia acted as joint lead manager and regional offering coordinator.
Talk to the deal team
Related deals
OEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value
OEP Danzig BidCo S.p.A. has completed a mandatory tender offer for the shares of Digital Value S.p.A.
Learn moreVerdane has completed the acquisition of Augmentum Fintech
Following the acceptance of its offer and subsequent shareholder approval, Augmentum Fintech plc has been acquired by Verdane Advisors AS.
Learn more360 Experience Group has merged with GoodFellows
360 Experience Group, a European end-to-end service provider of live experiences, and GoodFellows have merged to create one of the largest live experiences players in Europe. By pooling their strengths under the 360 Experience Group banner, the merged group will span the full breadth of the live industry and bring together 16 specialized companies, including Live Legends, Unlimited Productions, Unbranded, TIG Sports and Events and Kumpany. The group will provide end-to-end solutions for the realization of large-scale live entertainment, international sports and public events and impactful brand activations. The combined business will generate over US$90 million in revenue and employ more than 230 people.
Learn more