Deutsche Telekom, Tuesday announced the acquisition of the remaining 49% stake in Slovak Telekom from National Property Fund of the Slovak Republic for EUR 900 millions, strenghtening the operator's strategy to become the leading integrated pan-European telecom operator. The largest operator in Europe believes the acquisition of the remaining shares will allow for simplification of the capital and governance structure of Slovak Telekom.
According to a statement by Deutsche Telekom, the deal is not subject to regulatory approval and is expected to be completed in the coming weeks. The transaction has no impact on Group revenue and EBITDA, however, the acquisition of the remaining shares leads to an increase in earnings per share attributable to the shareholders of Deutsche Telekom, said the operator.
Claudia Nemat, Board Member for Europe and Technology, Deutsche Telekom
As the only operator in Slovakia with quad-play capabilities, Slovak Telekom is a highly attractive asset. It is the market leader in fixed line, fixed broadband and pay-TV, as well as the second largest mobile player in Slovakia. Furthermore, it is the second of our subsidiaries to already offer an all-IP network, and with the recent introduction of its Magenta One converged fixed mobile services continues to be at the forefront of innovation within our Group.
