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Slovenia: Telekom Austria Hesitates
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The Vienna-listed Telekom Austria Group has two major growth opportunities in Slovenia. Slovenian Telekom and Telemach are for sale.
Slovenia: Telekom Austria Hesitates / Picture: © Telekom Austria Group
This month, Slovenia starts its ambitious privatization program. Due to the high non-performing loan portfolio, Slovenian banks came under enormous pressure and had to apply for public aid. The capital requirement of the three biggest Slovenian banks NBKM, NBL and Abanka is estimated to reach € 7bn. This corresponds to approximately 20% of Slovenia´s GDP. As a result, Slovenia´s…
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