Telekom Slovenije has sold its 45% stake in Macedonian operator one.Vip to majority owner Telekom Austria Group for EUR120 million (USD139.4 million), by exercising its three-year exit option in the form of contractually agreed call and put options. TeleGeography notes that Telekom Austria Group and Telekom Slovenije signed an agreement to merge their respective Macedonian units Vip Operator and ONE in October 2014, subject to regulatory approval (granted by the Commission for Protection of Competition in July 2015). ONE was subsequently consolidated into the newly enlarged one.Vip as of 1 October 2015.
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