LJUBLJANA (Slovenia), February 14 (SeeNews) – Majority state-owned Telekom Slovenije [LJE:TLSG] said on Friday it will cooperate with local solution provider for the digital transformation of industries Iskratel in the development of 5G network solutions.
“The aim is to deploy 4G/5G hybrid public-private networks that are of particular interest to the smart industry, also called Industry 4.0,” Telekom Slovenije said in a statement.
The two companies will first undertake an analysis of market needs, perform equipment interoperability testing and investigate the spectrum planning aspects, Telekom added.
On Thursday, Telekom Slovenije said it has submitted for approval to the country’s finance ministry an application for long-term financing in the amount of 100 million euro ($109 million), aimed to finance the expansion and upgrade of its fibre optics access network in Slovenia, which will become the infrastructure foundation for its future telecommunication activities.
The company plans to obtain the funds from the European Investment Bank as a non-binding offer has already been submitted to the lender, Telekom Slovenije said in a filing with the Ljubljana bourse.
The Republic of Slovenia is Telekom Slovenije’s majority shareholder, controlling 62.54% of the company’s shares as of December 31, 2019, according to the company's website
Telekom Slovenije shares traded at 58.8 euro on Thursday, up 0.68%.
($ = 0.92071 euro)