The Slovenian government had pre-empted two bids – one from Cinven and one from Deutsche Telekom – at approximately €110 per share, but Cinven did not disclose the financial details of its offer.
In a statement, Cinven said that if its bid is successful, it will invest significantly in network upgrades in order to prevent the company’s revenue decline.
“We believe that these investments will be beneficial to the Slovenia economy and broader society, and they will create sustainable employment growth,” the statement said.
“We believe that Telekom Slovenije represents an attractive, although challenging, investment opportunity, which fits well with Cinven's experience in the telecoms sector.”
