This is in accordance with the Group’s strategy for the 2019–2023 period, which also includes the possibility of further consolidation through expansion or disinvestment in the markets where the Group operates.

Telekom Slovenije published a document in which the company announced that they have has launched the activities to sell off their 100% share in their Kosovo subsidiary IPKO Telecommunications.

The company states that this is in accordance with Telekom Slovenije Group’s strategy for the 2019–2023 period, which also includes the possibility of further consolidation through expansion or disinvestment in the markets where Telekom Slovenije Group operates.

As a reminder, Kosovo represents the company’s second-largest market, where the company observed a poor P&L performance in Q1 2019, resulting in EBITDA of EUR 6.3m (-13% YoY) and both an operating loss (EUR -0.91m) and a net loss (EUR – 1.64m).

Note that on a Group level, the company is targeting operating revenues to be EUR 711.9m (-3% YoY), EBITDA to be 216m (+16% YoY) and net operating profit to be EUR (30.3m) (-9% YoY).