FTSE has announced that Cesky Telecom’s weighting in the FTSE All World Index and FTSE All-Emerging Index will remain in the index with an unchanged total number of shares with a decreased investability weighting of 40%. This announcement follows Telefonica’s purchase of a further 17.90% of shares from the public tender bid. Telefonica controls 69.40% of shares.
Roman Ros will replace Marcela Malivankova as Eurotel’s CFO. Simultaneously, Mr. Ros was appointed to the board of directors of Cesky Telecom. Currently Mr. Ros is Chief Corporate Development Officer of Cesky Telecom. Marcela Malivankova had announced her resignation earlier for family reasons.
Separately, Oskar/Vodafone reached the 2m-customer threshold, the company said yesterday. At the end of 1H05, the company had 1.951m customers, representing 18% of the market and up 1pp against 2004eop. We believe that Vodafone will use the upcoming mobile number portability scheduled for January 2006 to aggressively increase its market share at the expense of Eurotel and T-Mobile CR due to the around 106% mobile penetration.