Spectator on facebook

Spectator on facebook

ST readies sale of Telemont assembler

THE SALE of assembly company Telemont, a subsidiary of fixed-line monopoly Slovak Telecom (ST), is entering the final phase, said Deputy Telecom Minister Dušan Faktor on May 17.

While declining to release details, Faktor said a buyer had been selected and the purchase agreement should be signed in the near future. ST is expected to publish details of the transaction in June.

Telemont provides assembly services in all types of telecoms network technologies and its 2000 profits exceeded Sk56 million ($1.2 million). ST is selling the company to reduce costs and focus on its core business as it prepares for the ending of its fixed-line monopoly in January 2003.

The majority shareholder in ST is German giant Deutsche Telekom with 51 per cent; the Slovak Telecoms Ministry controls 34 per cent and the FNM privatisation agency owns the remaining 15 per cent.

Top stories

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

Slovakia vies for medicines agency

What chances does the country have at winning the seat of the prestigious European Medicines Agency that needs to relocate from London?

Illustrative stock photo

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

British embassy opens condolence book

The book will be opened for two days.

Floral tributes are laid out in Manchester, England, on May 23, 2017, the day after the suicide attack at an Ariana Grande concert that left 22 people dead as it ended on May 22 night.