United States : Slovak Telekom and T-Mobile plan to merge next year.Byline: Mamta03 TWO major telecom companies operating in Slovakia, fixed-line operator Slovak Telekom Slovak Telekom (in past officially called Slovenské telekomunikácie and Slovak Telecom; the brand used for fixed line products is T-Com since March 2006) is the largest telecommunications company operating in Slovakia. and mobile operator T-Mobile Slovensko plan to merge next year. T-Mobile Slovensko is currently a wholly-owned subsidiary of Slovak Telekom, which is controlled by Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. . The merger plans were announced on October 15. We are convinced that through integration of the two companies we will form a modern telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. operator that will be able to react to all requirements of the market in a more comprehensive and effective way, President and Chairman of Slovak Telekom's Board of Directors Miroslav Majoro said, as quoted by the SITA newswire. He said he expected the merger of the two companies also to bring savings in the company s operation and new opportunities for more effective management of the merged company. The merger of the two operators is in line with the strategy of the parent company Deutsche Telekom, which announced plans to integrate its fixed and mobile services divisions last year. From a legal and organisational standpoint The Standpoint is a newspaper published in the British Virgin Islands. It was originally published under the name Pennysaver, largely as a shopping-coupon promotional newspaper, but since emerged as one of the most influential sources of journalism in the , the two companies will be integrated as of the date approved by the respective bodies of both companies. The project of integration is of a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. nature, it consists of many other partial projects, e.g. harmonisation Noun 1. harmonisation - a piece of harmonized music harmonization musical harmony, harmony - the structure of music with respect to the composition and progression of chords of processes, interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. of all information systems enabling a comprehensive view of the customer, the press release stated. Both companies obtained approval from their shareholders to launch preparatory pre·par·a·to·ry adj. 1. Serving to make ready or prepare; introductory. See Synonyms at preliminary. 2. Relating to or engaged in study or training that serves as preparation for advanced education: works for integration. An initial analysis already carried out identified no obstacles that would prevent the legal merger of both companies. Based on the experience of other companies that have undergone a similar process, Slovak Telekom and T-Mobile expect their full integration to be finished within two years from its start date. A final decision has not been made yet on the name of the new company, or on the location of its headquarters, Slovak Telekom said. The strategy of the newly created company will be to preserve the trading names T-Mobile and T-Com. Slovak Telekom is a member of the multinational Deutsche Telekom group. The Slovak Telekom Group comprises the parent firm, Slovak Telekom, and its affiliates T-Mobile Slovensko, Telekom Sec, Zoznam, and Zoznam Mobile. Deutsche Telekom, based in Germany, is a majority shareholder of Slovak Telekom, controlling 51 percent of the company. The Slovak Economy Ministry holds 34 percent and Slovakia s National Property Fund the remaining 15 percent. Slovak Telekom s fixed-line revenues last year were 477.088 million and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become reached 195.415 million. T-Mobile Slovensko is a 100-percent subsidiary of Slovak Telekom. T-Mobile Slovensko reported 2.16 million active customers at the end of June of this year. The mobile operator reported total revenues of 591.4 million and EBITDA of 235.6 million for 2008. SITA Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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