PPF reportedly plans to buy Czech division of Telefónica O2

An unnamed source familiar with PPF’s plans said that PPF’s current plan is to buy the Czech division of Telefónica O2, because the Spanish parent is trying to reduce its debt, weekly papers Euro repeated this speculation again today. Negotiations have reportedly foundered on the price that Petr Kellner of PPF is offering. PPF declined to comment on “market speculation,” which Euro said is its traditional response when it is holding secret or semi-secret negotiations. / Telefonica CR’s shares have fallen by more than 20% in the past three months on concerns about what the entry of a new operator or a sustainability of the dividend. We expect TEL CR is able to keep its 40 CZK per share shareholder renumeration this year.