A website Mobil.cz reported that Ringier is in talks with O2 about launching a virtual mobile operator, perhaps to be called Blesk Mobil (after Ringier’s tabloid). UPC is in talks with Vodafone, and Tesco with both T-Mobile and O2. Mafra is also said to be interested. CTK said that a virtual operator could be launched by year’s end. We consider this to be neutral for now, potential virtual mobile operator could harm TEFO2’s margins in the future, however, not significantly.