Ceske radiokomunikace will capitalize its shareholder loan to Contactel (CRa’s 50%-owned fixed-line subsidiary) and thus increase Contactel’s registered capital by CZK 788 mil. Moreover, CRa said that it does not plan any further investments or a capital increase in the subsidiary.
As CRa 100% provisioned the Contactel investment last year, it is neutral news.
(Jan Hajek)