Slovak Telekom

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Slovak Telekom logo, February 2006-January 2012.
Slovak Telecom logo, 2004-'06. By that time, it was one of the few Deutsche Telekom companies without the Telekom "T" in its logo.

Slovak Telekom (in the past officially called Slovenské telekomunikácie and Slovak Telecom; the brand used for fixed line products was T-Com from March 2006 to January 2012. By 2012 is only one brand for mobile products and fixed line products: Telekom[1]) is the largest telecommunications company operating in Slovakia (after consolidation with its 100 per cent daughter T-Mobile Slovakia).

Ownership[edit]

In 2015 Slovak republic sold it's share (49%) to Deutsche Telekom, so now it is fully owned by Deutsche Telekom.

Slovak Telekom sale on horizon[edit]

The Slovak government has made another step toward the sale of a minority stake in Slovak Telekom. In April 2015 it approved an amendment to the privatization act extending the means for the sale of state assets to include the stock exchange.[2] In May 2015 Deutsche Telekom announced the acquisition of the full 49% stake owned by the Slovak government for €900 Million.[3]

Nationwide 4G/LTE network launched[edit]

Slovak Telekom has launched a 4G LTE network originally in five cities in Slovakia as the first Slovak operator in 2013[4] The network operates at 1800 MHz and offers a maximum theoretical speed of 73Mbit/s download and 23Mbit/s upload. Circuit-switched fallback (CSFB) ensures that voice calls and text messages are delivered to LTE devices through the use of a 2G/3G circuit-switched network.

Corruption allegations[edit]

In June 2010, just two days before the national election in Slovakia, Slovak Telekom signed an allegedly dubious deal with the Ministry of Education with value of 38 million Euros. Suspected corruption could be involved in the case. Corruption allegations about Slovak Telekom were investigated by Transparency International Slovakia.

Controversy[edit]

In 2010, Deutsche Telekom (German majority owner) repeatedly refused to pay dividends to the Slovak Republic (49% Telekom owner). This move is illegal in Germany.

References[edit]

  1. ^ "Slovak Telekom will bring into life new brand "Telekom" for mobile and fixed products" Telekom press release 2011-10-12 (in Slovak)
  2. ^ http://spectator.sme.sk/articles/view/53765/3/slovak_telekom_sale_on_horizon.html
  3. ^ https://www.telekom.com/media/company/277412
  4. ^ http://www.reuters.com/article/2013/12/16/idUSnHUGdrc1+70+ONE20131216

External links[edit]