August 10, 2007 / 11:58 AM / 12 years ago

REFILE-Slovenia to tender Telekom stake on August 24

(Fixes Reuter Instrument Codes in first and sixth paragraphs)

LJUBLJANA, Aug 10 (Reuters) - Slovenia is to announce a tender for the sale of 49.13 percent of state-controlled telecom operator Telekom (TLSG.LJ) on August 24, a senior official said on Friday.

“If everything goes according to plan, then the tender should be announced on August 24,” the head of electronic communications at the economy ministry, Matjez Jansa, told a news conference.

The government will give a potential buyer an option to buy the entire stake in Telekom, which has a market capitalisation of 3.3 billion euros ($4.52 billion), in one go.

But Jansa explained the government would prefer to sell the stock in two steps over several years as that would give it a chance to make sure the buyer is fulfilling promises made in the offer.

Jansa did not want to comment on who was interested in buying the stake in Telekom, which has and said the bidders will be made public in early November.

According to local daily Finance, Spain’s Telefonica (TEF.MC), Russia’s Sistema (SSAq.L), Deutsche Telekom (DTEGn.DE) and Iceland’s Simmin are all interested in buying the share.

The government, which together with its investment funds owns 74.13 percent of Telekom, plans to keep 25 percent of the firm to have a say in key business decisions.

Shares in Telekom fell 0.31 percent to 498.5 euros on Friday while the blue-chip SBI index .SBI fell 0.48 percent.

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