This deal, pending regulatory approval, marks a significant consolidation in the Slovenian telecom market.
Telemach, part of the multinational United Group—an influential telecom and media powerhouse in Southeast Europe—will initially take a 24.9% stake in T-2. Once regulatory approval is secured, Telemach aims to expand its ownership to over 98%, signaling a strategic expansion of its influence in Slovenia.
The journey to this acquisition began when Telemach committed to resolving T-2’s financial troubles, which included a substantial debt to SSH. Earlier this year, SSH had moved to initiate receivership against T-2, but this legal action was paused when all parties agreed to negotiate a settlement.
This acquisition marks a pivotal moment for Slovenia’s telecom industry, as Telemach moves to solidify its position and drive the sector’s future direction
The result of these negotiations was a €90 million debt resolution, with SSH receiving an upfront payment of €37 million and the remaining balance to be paid by mid-2027. This settlement concludes a lengthy debt recovery process that began when SSH took over the assets of Slovenia’s former bad bank.
Tomislav Čizmić, CEO of Telemach Slovenia, emphasized the importance of this acquisition in ensuring the company’s continued competitiveness in an evolving market. He stressed that this consolidation would enhance the digital infrastructure and connectivity within Slovenia, providing long-term economic benefits.
Meanwhile, T-2 CEO Robert Erzin assured customers that their services would continue without disruption, maintaining the same standards and terms they have come to expect.
With the final regulatory approval still pending, the industry is watching closely to see how this landmark deal will influence the market’s dynamics.
