The company announced that following the resolution of the TEFO2’s management adopted on February 26 to continue with share buyback in the extent of up to 6.441 mln. of shares (up to 2 % of the total shares), it has appointed (3,71 EUR, -3,03%) Bank to commence the buyback on March 5 (today). /Slightly positive, the share buyback may be supportive for the stock in short-term. Nevertheless we think the current stock price still does not reflect the risk of potential 4th player entrance. We see the auction results as a main risk for (316,8 CZK, 0,25%) future prospects and dividend stability.