TWO major telecom companies operating in Slovakia, fixed-line operator Slovak Telekom and mobile operator T-Mobile Slovensko plan to merge next year. T-Mobile Slovensko is currently a wholly-owned subsidiary of Slovak Telekom, which is controlled by Deutsche Telekom. The merger plans were announced on October 15.
“We are convinced that through integration of the two companies we will form a modern telecommunications operator that will be able to react to all requirements of the market in a more comprehensive and effective way,” President and Chairman of Slovak Telekom's Board of Directors Miroslav Majoroš said, as quoted by the SITA newswire.
The merger of the two operators is in line with the strategy of the parent company Deutsche Telekom, which announced plans to integrate its fixed and mobile services divisions last year.
“The project of integration is of a long-term nature, it consists of many other partial projects, e.g. harmonisation of processes, interconnection of all information systems enabling a comprehensive view of the customer,” the press release stated.
Both companies obtained approval from their shareholders to launch preparatory works for integration. An initial analysis already carried out identified no obstacles that would prevent the legal merger of both companies.
Based on the experience of other companies that have undergone a similar process, Slovak Telekom and T-Mobile expect their full integration to be finished within two years from its start date.
Slovak Telekom is a member of the multinational Deutsche Telekom group. The Slovak Telekom Group comprises the parent firm, Slovak Telekom, and its affiliates T-Mobile Slovensko, Telekom Sec, Zoznam, and Zoznam Mobile.
Deutsche Telekom, based in Germany, is a majority shareholder of Slovak Telekom, controlling 51 percent of the company. The Slovak Economy Ministry holds 34 percent and Slovakia’s National Property Fund the remaining 15 percent.
19. Oct 2009 at 0:00 | Compiled by Spectator staff