Telekom Slovenije (TS), Slovenia’s largest internet service provider, has just undergone its third unsuccessful privatization since 2000. Slovenian Sovereign Holding (SSH), which was selling a 72.75 percent stake of TS on behalf of the Republic of Slovenia, received just one binding offer to acquire the telecommunications giant. The sole bidder, a private equity company called Cinven, said it plans “to invest significantly to upgrade the network, to stop the company’s revenue decline, stabilize and then grow revenues sustainably for the long term”.
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