Cinven makes binding offer for Telekom Slovenije stake
16 April 2015 |
Cinven today revealed that it has made a binding offer for the Slovenian government’s stake in Telekom Slovenije.
In a statement, Cinven said that if its bid is successful, it will invest significantly in network upgrades in order to prevent the company’s revenue decline.
“We believe that these investments will be beneficial to the Slovenia economy and broader society, and they will create sustainable employment growth,” the statement said.
“We believe that Telekom Slovenije represents an attractive, although challenging, investment opportunity, which fits well with Cinven's experience in the telecoms sector.”