On Friday Telekom's share, which had a price of 150 euros three months ago, ended the day at a value of 129 euros, which is well below the forecasts and expectations. And at least two of the bidders, Deutsche Telekom and British Cinven, are reportedly offering even less than that.

Some analysts think it is "quite unbelievable for us to be talking about such depressive figures, while Europe's stock exchange market is flourishing". However, others, like for example Klemen Furlan, the head of the Finančni trgi and Skladko.com companies, have the opinion that slightly negative surprises shouldn't catch us off-guard.

The big lawsuit claims against Telekom Slovenija for violating competition rules, the political discord regarding the privatization process, the Veberkom scandal, the weaker business results – are these the factors which influence potentially low offering bids? Klemen Furlan says: "I think the main factor is the company's low profitability. The earnings before interest and taxes (EBIT) and the net profits were low. We then also have the recent issues (Veberkom), potential lawsuits, the company's debt problems... A comparison shows that the Slovakian telecommunications operator is not in debt, while Slovenia's is. All these things are factors which can lead to a lower price."