Slovak Telekom is the largest telecommunications company operating in Slovakia

Slovakia

The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...

 (after consolidation with its 100 per cent daughter T-Mobile Slovakia).

Ownership

It is majority owned (51 percent) by Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

's Deutsche Telekom

Deutsche Telekom

Deutsche Telekom AG is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Europe....

. The remaining share is owned by Slovakia's Ministry of Transport, Posts and Telecommunications, which owns 34 percent, and the National Property Fund of the Slovak Republic, which owns 15 percent. On July 1, 2010 Slovak Telekom officially merged with the mobile provider T-Mobile.

Corruption allegations

In June 2010, just two days before the national election in Slovakia, Slovak Telekom signed an allegedly dubious deal with the Ministry of Education with value of 38 millions Euros. Suspected corruption could be involved in the case. Corruption allegations about Slovak Telekom are being investigated by Transparency International Slovakia

Transparency International Slovakia

Transparency International Slovakia is a non-governmental organization which was established in 1998. It aims to increase transparency and create a corruption-free world by working together with the private sector, civil society and public sector. Corruption is rife and a major issue in Slovakia...

.