Slovenia Telekom's first half EBITDA falls by 6 pct

Telekom Slovenije, D.d

29/07/2015 16:57

LJUBLJANA, July 29 (Reuters) - Slovenia's largest telecoms 
operator Telekom Slovenia  TLSG.LJ , which is slated for 
privatisation, said on Wednesday its earnings before interest, 
taxes, depreciation and amortisation (EBITDA) fell in the first 
half of 2015. 
    Group EBITDA reached 104.4 million euros versus 111.2 
million euros in the same period of 2014, Telekom said in a 
statement, adding the result was still 7 percent above plans.    
Telekom will release January-June profit figures on August 27. 
    The company also confirmed its earlier plan to reach group 
net profit of 66 million euros this year versus 1.6 million 
euros in 2014 when profit slumped due to one-off events. 
    It added that the last condition for the sale of state-owned 
Telekom was fulfilled earlier in July when the Macedonian 
regulator approved the sale of its Macedonian unit to Telekom 
Austria  TELA.VI .  ID:nL8N0ZO3BP  
    Earlier this year, UK investment fund Cinven  CINV.UL  
offered up to 130 euros per Telekom share which would value the 
whole company at 850 million euros. 
    Its bid was rejected by Slovenia in June after Cinven said 
that it would not pay the full price until Macedonian regulator 
approves the sale of Telekom's Macedonian unit.  ID:nL5N0Z11TH  
    Slovenian government official Metod Dragonja said earlier in 
July that talks with Cinven continue while a decision on the 
sale is not expected before September.  ID:nL5N1002F5  
    Cinven was not immediately available for comment. 
    Telekom shares closed unchanged at 91.7 euros on Wednesday, 
before its statement was released, while the blue chip SBI index 
 .SBITOP  lost 0.29 percent. 
 
 (Reporting By Marja Novak; Editing by Catherine Evans) 
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA TELEKOM/