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Creditors Register EUR 185M in Claims in T-2 Debt Overhaul

Ljubljana, 14 March (STA) - Creditors of insolvent telco T-2 have registered EUR 184.5m in claims with the company as part of debt restructuring. The administrator is challenging nearly EUR 42m of the claims.

The biggest claim towards the company which was put into debt restructuring on 14 January has been made by Kranj-based Gratel, which built T-2's fibre optic network. It is seeking EUR 77.2m, but administrator Milena Sisinger accepted EUR 71.5m.

Also registering a claim by the 14 February deadline was telco Telekom Slovenije, which has sought EUR 28.3m, but was granted only EUR 16.4m.

Hypo Alpe Adria banka's claim of EUR 12.6m was fully accepted, as was the claim by Banka Celje of EUR 8.4m.

Also being accepted nearly in full was a EUR 2.7m claim by the Slovenian Association of Authors and Composers.

A claim by Ljubljana-based IT solutions provider Smart Com of EUR 7.7m was granted up to an amount of EUR 6.8m, while Nokia Siemens Networks's combined claim of EUR 6.2m was granted up to EUR 3.6m.

Meanwhile, the Maribor-based telecommunications company said it generated positive cash flow in the first two months of the year.

T-2 said its net revenues in February stood at EUR 4.1m, which is 26% more than that generated in the same month a year earlier.

Subscriber numbers were up by 10% year-on-year, with the biggest increase in the number of mobile subscribers, which was up 48%.

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