Minister: Sale of Telekom to be concluded by mid-2015

THE PROCESS of selling the state’s 49-percent stake in the Slovak Telekom (ST)  should be concluded by the middle of this year, Economy Minister Pavol Pavlis said after the government session on February 4.

Economy Minister Pavol PavlisEconomy Minister Pavol Pavlis(Source: SITA)

However, the document concerning the sale, which was originally scheduled to be debated by the Cabinet at the meeting was dropped from the agenda in the end due to the need to “revamp some technicalities”, said Pavlis, as quoted by the TASR newswire.

He declined to elaborate further.    

The government plans to offer the stake on stock exchanges, but this requires the adoption of an amendment to the law on privatisation of large companies. Afterwards, Slovak Telekom shares can be sold off, the Hospodárske noviny daily wrote.

“This issue will have to be dealt with by the government and parliament," Pavlis added. The government is in regular touch with the majority owner Deutsche Telekom, consulting each move concerning the sale, he said.

“The talks so far have been at an unofficial level,” Pavlis said, as quoted by TASR. “We haven’t received any official offer for talks for the time being.”

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

“By a sharp knife” cuts through the heart of injustice in Slovakia

A film inspired by the 2005 murder of student Daniel Tupý will be premiered to the Slovak public on February 21.

Director Teodor Kuhn behind the scenes of Ostrým Nožom.

The moment that changed my perception of the media

One flew over the newsprint: Images from the history of the Sme daily

Alexej Fulmek (right) and Karol Ježík in the early days of Sme.

Stravinsky: Listening is an effort, and just hearing is no merit

Winter edition of the prominent chamber music festival Konvergencie focuses on Russian composer Igor Stravinsky.

Igor Stravinsky and Robert Roth

Hamšík leaves Napoli for Chinese team

He played football for the Napoli team for 12 years.

Marek Hamšík