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T-Mobile Czech Republic CEO to also head Slovak Telekom

2015-12-23 10:37:00| Telecompaper Headlines

(Telecompaper) Milan Vasina, CEO of T-Mobile Czech Republic, will become CEO of sister company Slovak Telekom as well from the start of 2016. This follows the departure of Slovak Telekom CEO Miroslav Majoros to become CEO of Telekom Romania, another member of the Deutsche Telekom group. Majoros will remain chairman of the Slovak Telekom board. Vasina previously served as CEO of T-Mobile Slovakia and assisted in the merger of the mobile operator with Slovak Telekom in 2009-2010. He took up the Czech position from January 2011.

Tags: head republic czech czech republic

Quarterly Beverage Tracker Third Quarter 2015: Slovak Republic; Comprehensive Quarterly Analysis of Year on Year Performance for All Commercial Beverages

2015-11-26 01:00:00| Beverage industry market research - from just-drinks.com

The economy continued to improve with real wages growing and unemployment seeing a reduction, helping to drive retail and Horeca sales.

Tags: year performance analysis commercial

UPDATE 1-Deutsche Telekom buys full control of Slovak business

2015-05-20 06:37:46| Telecom - Topix.net

Deutsche Telekom agreed on Tuesday to buy a 49 percent stake in fixed and mobile operator Slovak Telekom from the Slovak government for 900 million euros , taking full control of the country's former fixed-line monopoly. The Slovak government this month scrapped an initial public offering of the state's shares worth 750 million euros after getting a better offer from Deutsche Telekom, the company's 51 percent owner.

Tags: business full control update

DT agrees Slovak Telekom buy-out for EUR 900 mln

2015-05-19 13:26:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom announced an agreement to acquire the remaining 49 percent in Slovak Telekom it does yet own from the Slovakia government for EUR 900 million. The Slovak government earlier planned an IPO for its stake, until it received a better offer from the German operator. Deutsche Telekom said the price corresponds to an enterprise value of 3.8 times the operator's EBITDA. Claudia Nemat, DT board member for Europe, said ST is a "highly attractive asset", as the only quad-play provider in Slovakia and leading fixed-line operator. Furthermore, it is the second of DT's subsidiaries to operate an all-IP network and recently adopted the operator's Magenta One converged fixed-mobile strategy. The acquisition of the remaining shares allows for simplification of the capital and governance structure of Slovak Telekom and will keep a greater share of cash at the operator, due to an end to dividends to minority shareholders. Slovak Telekom is already fully consolidated by Deutsche Telekom, so the transaction has no impact on group revenue and EBITDA. The transaction is not subject to regulatory approvals and is expected to be completed in the coming weeks.

Tags: eur agrees telekom slovak