"...a dozen companies have submitted offers for the 49 percent stake in the national (Telecom) operator that's being sold by the Slovenian government, which will still hold a 25 percent stake after the divestment.
Slovenia's Economic Ministry announced that 12 companies had submitted non-binding bids by the deadline, which was Monday this week. The dozen include private equity firms The Carlyle Group LLC and Providence Equity Partners , Deutsche Telekom AG (NYSE: DT) subsidiaries Magyar Telekom Plc (Hungary) and Hrvatski Telekom (Croatia), and Oger Telecom from the United Arab Emirates.
That group will now go into the second phase, which will involve submitting binding bids once a full due diligence process is completed.
Telekom Slovenije reported an operating profit of €46.3 million ($66 million) from revenues of €380.8 million ($541 million) in the first half of this year. "
Source: Telecom News Analysis
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