Cesky Telecom: CEO repeats acquisition plans

The Cesky Telecom CEO, Gabriel Berdar, repeated that the company may use about CZK45bn for acquisitions by increasing its debt (CT’s debt / equity stood a 0.28 at the end of 2004). Acquisitions should be made abroad and involve software or new technologies that would enable increasing the capacity of the network. Alternatively, CT’s excess cash could be paid out as dividends. Nevertheless, CT’s acquisitions plan depends on its completed privatization.

According to the press, Vodafone was expected to decide whether to buy Oskar / TWI yesterday; however no further details were released.