Business News

Telekom to Use 2010 for Consolidation

Ljubljana, 01 February (STA) - Telekom Slovenije, the majority state-owned telecoms incumbent, does not plan major investment in foreign markets this year. Instead, 2010 will be a year of consolidation and optimisation, deputy chairman Dusan Mitic told the press Monday.

Over the past four years Telekom has spent EUR 400 on acquisitions in Kosovo, Macedonia, Albania, Bosnia-Herzegovina, Croatia and Gibraltar. "When we optimise and consolidate...we will discuss subsequent steps," Mitic said.

In Southeast Europe Telekom's goal is to become the no.2 provider of quadruple play (fixed and mobile telephony, internet and TV) services, which it has already achieved in Kosovo and Macedonia.

Along with Albania, Kosovo and Macedonia are seen as having the highest growth potential. There is still ample room for growth in broadband internet, digital TV and mobile telephony.

In fact, these markets were hit by the economic crisis later than the rest of Europe so Telekom has had time to prepare. This will also be evident from the 2009 results, which will be released at the end of the month, according to Mitic.

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