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Slovak Telekom sells Rádiokomunikácie to TRI R

JOINT-STOCK company TRI R will buy Rádiokomunikácie, former unit of the dominant fixed-line operator Slovak Telekom, securing TV and radio broadcasting and the company RK Tower.

Slovak Telekom signed a framework contract on the purchase of TBDS, which consists of Rádiokomunikácie and RK Tower, with the new owner on May 17. Neither the purchase price, nor any other terms of the transactions will be disclosed.

Assets and employees of Rádiokomunikácie and RK Tower were transferred to joint-stock company TBDS earlier this month. TRI R will acquire the firm's shares after the transaction is approved by the Slovak Antitrust Office.

"We believe that the new owner of Rádiokomunikácie will secure the investments necessary for its further development and for the upcoming digitalization of television broadcasting in Slovakia. A bid made by TRI R met the terms of the international tender best," said the chairman of the board of directors and the president of Slovak Telekom, Miroslav Majoroš.

Rádiokomunikácie, which along with TV and radio broadcasting, also provides services to mobile operators, reported revenues of Sk965 million (€28.8 million) last year and a taxed profit of Sk318 million (€9.5 million).

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