The stake totals 36% of the complete company yet no financial terms were released.
Economy Minister Lubomir Harach commented in a media conference: We have agreed on the price … the contract could be prepared within some two-week’s time.
The companies are now finalizing technical details, such as the payment procedures. This could be completed next week, he added.
The remaining 64% is owned by France Telecom.
The Slovak government had originally intended to float its Globtel shares on the LSE last year in what was supposed to be the first international IPO by a mobile phone operator from central and eastern Europe.
These plans had to be abandoned, as the deterioration in the telecom market became apparent.
It is expected that the sale price of the minority stake is in the region of $200-$250 million.
