The leading mobile telephony operator in Slovakia
In 2001, MidEuropa co-led a consortium alongside AIG to acquire a large minority stake in Globtel, the leading mobile telephony operator in Slovakia. The consortium saw great growth potential owing to low wireless penetration levels at the time and identified Globtel as a market leader with a high-quality network and strong brand as the company to drive this growth. The firm was rebranded Orange Slovensko in 2003.
MidEuropa’s investment in Orange Slovensko was sold to France Telecom in 2005.
- Hands-on involvement in the budgeting process
- Re-aligned management through sponsored restructuring of compensation to marry performance with remuneration
- Operational Excellence
- Organic Growth