Telekom
Slovenije, one of Slovenia’s largest and most important business groups, has successfully
resisted privatisation since its separation from PTT Slovenije in 1995. Both
privatisation attempts were marked with strong opposition against
privatisation. For proponents of state ownership Telekom Slovenije has been a
strategic company and valuable state’s crown jewel that should remain
state-owned. This is the third time the government has considered selling its
stake in the incumbent telecommunications operator. The government seems to be determined
to carry out the privatisation of Telekom
Slovenije. However, its privatisation plan is likely to face strong opposition which
is already growing.The first privatisation attempt – a missed peak of the telecom hype
The
first attempt to privatise Telekom Slovenije was made between 1999 and 2001.
The government started
the privatisation process in 1999 and appointed members of the privatisation
commission. In 2000, it hired the consultancy firm PriceWaterhouseCoopers (PWC)
that prepared three privatisation models. Each envisaged a reduction of the
state’s stake in Telekom Slovenije below 50% either immediately or in a short
run of two to three years.

