Cesky Telecom has said that it will pay the remainder of the debt for the 49% stake in Eurotel (the mobile operator owned by CT) by the end of the year. In total, CT has paid USD 1.05bn. After the repayment, CT’s long-term debt will stand at CZK 10bn. CT’s shareholders will decide on the distribution of CT’s 2004 retained earnings of CZK 9.2bn or CZK 29 per share at the next AGM to be held before June, i.e. earlier than in previous years.