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homepage > discover Stervia > Economy : the TeleTalk sale

Short chronology

On April 6, 303, Anne Letellier, Secretary of Finance, Industry and Economic Development, announced that the Federal State would sell 20% of the total 79% it holds in the public-owned national telecom company TeleTalk. (read the story)
On June 15, 303, the SEFIDE (Department of Finance, Industry and Economic Development) had received 6 applications, and decided to retain 4 of them as suitable.
On July 3, 303, Mrs Letellier announced that the winners of the restricted bid sale were Belson Corp. of Utania and Vinnsiminn ASA of Vingarmark.
The government decided to sell 15 % to Belson, 5% to Vinnsiminn ASA within the legal framework of the restricted bid sale, and to sell another 5% to Vinnsiminn ASA as a direct, negotiated transaction.

Key figures for TeleTalk in 302

A leading telecom company, TeleTalk has customers in mainland Stervia, Brovoyoakes, MESTO Park Area, Porto Capital, San Patricio, & Allacoa.

Consolidated revenues of TeleTalk ZB group :
including SterNet
  224,14 billion MS (Stervian Markkas) or
43.1 billion Christianan crowns
Operating income :   29,88 billion MS (Stervian Markkas) or
5,74 billion Christianan crowns, up 12%
Net debt :   58,94 billion MS (Stervian Markkas) = 11,33 billion Christianan crowns
Operating free cash flow :   32,96 billion MS (Stervian Markkas) = 6,33 billion Christianan crowns

Total number of customers :

  45,2 million
Total capital stock :   23,842,684,250 MS (4,585,131,586 Christianan Crowns) or 953.707.370 shares (20 MS of nominal value each)
Total market value of the company :
march 303
  24,023,888,650 C$.
Mean value of the share on the market :
october 302 - march 303
  131 MS per share (25.19 C$)

Capital structure

march 303     july 303  
Federal State (Stervian Confederation)
78,9 %
  Federal State (Stervian Confederation)
53,9 %
State of Borders
2,4 %
  State of Borders
2,4 %
State of Détroits
1,9 %
  State of Détroits
1,9 %
CGP (Compagnie générale pétrolière)
1,5 %
  CGP (Compagnie générale pétrolière)
1,5 %
Sub-total, public investors
84,7 %
  Sub-total, public investors
59,7 %
CSTT (Transocéanique Télécom)
3,9 %
  Belson Corporation
15,0 %
Hertman Brothers
1,2 %
  Vinnsiminn ASA
10,0 %
      CSTT (Transocéanique Télécom)
3,9 %
      Hertman Brothers
1,2 %
Sub-total, institutional investors
89,8 %
  Sub-total, institutional investors
89,8 %
Float
10,2 %
  Float
10,2 %
Total
100,0 %
  Total
100,0 %

 



 

 

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