The incumbent Hungarian telco Magyar Telekom has announced that it has bid in a public tender for a stake its in Slovenian counterpart Telekom Slovenije. The latter is due to be privatised at the end of the year or beginning of 2008, with a 49.13% stake currently held by the Slovenian government and three state funds up for sale. The transaction will be carried out in either one or two stages. A total of 15 companies have so far placed bids for a stake in Telecom Slovenije. They include Russia’s Sistema, Oger Telecom (UAE), Hravtski Telekom (Croatia), Providence Equity (UK), Permira (Luxembourg). Macquarie Bank (Australia) and CEP lll (Luxembourg, operated by The Carlyle Group).