Cesky Telecom: GTS Central Europe will buy a 100% stake in Contactel. The estimated price is CZK500m (approximately USD20m). GTS CE also owns GTS Novera, which is Cesky Telecom’s main competitor in the company segment, with sales of CZK5bn. We expect the acquisition to improve GTS’s figures, due to consolidation and synergies starting to materialise. GTS’s market share on the fixed line market will increase to roughly 14% (in terms of sales), which may lead to higher competitive pressures on CT’s fixed line segment.