Telekom Slovenije, Simobil sign deal to settle mutual relations

"By signing the agreement the companies are settling open relations between them and setting out conditions for future business cooperation," Telekom Slovenije said in a bourse filing without disclosing details.

Telekom Slovenije also said that its management board estimates that the signed agreement presents a significant step towards risk reduction from civil claims, which will additionally increase the company value for the owners.

Earlier this month, state holding company SDH told SeeNews investors interested in a 72.75% stake in Telekom Slovenije that is up for sale have been asked to prepare their binding bids.

In the sale process, SDH is acting on behalf of the Slovenian state, Kapitalska Druzba, Pozavarovalnica Sava and Zavarovalnica Triglav.

Telekom Slovenije is the biggest of 15 companies approved for privatisation by the Slovenian parliament in June 2013.