Alternative operator Tiscali filled a lawsuit against Cesky Telecom for unpaid invoices totalling CZK 44m (CZK 0.13 per share). The amount relates to invoices for dial-up internet connections from April to September of last year. Starting in April, Telecom started to pay alternative operators according to the minimum prices set by the Czech Telecommunication Office (CTO). CT’s spokesman refused any requirements and stated that CT follows CTO agreements. We see this news as neutral for today’s trading. We reiterate our Hold recommendation.