The Court of Arbitration has ruled that Antenna Slovenia B.V. exercised its put option correctly, and has imposed on Telekom Slovenije to pay EUR 17.59m with default interest and costs of the arbitration procedure for the 34% share in Antenna TV SL

Earlier today, Telekom Slovenije published an announcement on the Ljubljana Stock Exchange stating that the company received a decision of the Court of Arbitration of the International Chamber of Commerce (ICC) in the arbitration procedure between Telekom Slovenije and Antenna Slovenia B.V. The procedure was launched to determine the purchase fee amount in exercising the put option by Antenna Slovenia B.V. for the sale of a 34% share in Antenna TV SL, to Telekom Slovenije.

The Court of Arbitration has ruled that Antenna Slovenia B.V. exercised its put option correctly, and has imposed on Telekom Slovenije to pay EUR 17.59m with default interest and costs of the arbitration procedure for the 34% share in Antenna TV SL

The ruling of the Court of Arbitration is final and binding for both parties.