Telemach Slovenia has agreed to purchase a majority stake in the Slovenian telecommunications operator T-2. Under the share purchase agreement signed with T-2 shareholder Garnol, Telemach Slovenia will initially acquire a non-controlling stake of 24.9 percent in T-2, with plans to acquire at least 98.06 percent after receiving approval from the relevant regulators.
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Strengthening Telecommunications Infrastructure
Telemach said the transaction will enable T-2 to develop stably and invest effectively in the latest technologies, products, and improved user experience. The combined Telemach and T-2 will offer users a technologically advanced optical network, improved mobile services, and unlimited packages, helping to achieve the goal of 5G network connectivity and coverage at the national level.
Telemach Slovenia commented: "With today's signing, we have secured a competitive future for T-2, which was uncertain due to the threat of bankruptcy. This acquisition strengthens our capacity for further investments in state-of-the-art mobile and fixed telecommunications infrastructure, advanced technologies, and innovative products and services."
T-2 added, "This transaction will allow our company to continue successfully developing its potential in the Slovenian market. The solution provided by Telemach is crucial for our employees, customers, and business partners. We believe this partnership will bring positive changes to the telecommunications market and contribute to an even better user experience for all our subscribers."
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Positive Impact on Slovenian Customers
The official release concluded, "In addition to consolidating the mobile and fixed networks of the two companies, the transaction will also enable the integration of expertise, which will have a positive impact on both Slovenian customers and the economy."
