Two bidders for Slovenian telco Telekom Slovenije have emerged, both with binding bids that come in under the market value of the company, according to a Reuters report.
According to Reuters, citing an un-named source, investment group Cinven and Germany telecom giant Deutsche Telekom have placed bids of about €110 a share for the company, lower than the Thursday market price of €132.60.
The source cited by Reuters said the bids had fallen below the market rate because Telekom Slovenije was experiencing a decline in profitability and because of risks from pending court cases against the operator for allegedly abusing its dominant position.
The sale of the operator has also proved politically divisive, with the centre-left Social Democrats, who are part of the governing coalition, opposing the deal.
ICYMI: beIN introduces new UI, channels and subscriber packages for MENA digitaltveurope.com/2021/03/02/bei… https://t.co/IDUVHmrmlt
02 March 2021 @ 20:00:01 UTC
Eleven secures rights to WTA in Portugal digitaltveurope.com/2021/03/02/ele… https://t.co/r0Wvio2noV
02 March 2021 @ 17:00:01 UTC
Alphonso rebrands as LG Ads digitaltveurope.com/2021/03/02/alp…
02 March 2021 @ 16:16:00 UTC