Cesky Telecom: PPF still interested in Cesky Telecom

The domestic financial group PPF plans to take part in the second round of the CT privatization or act through capital markets should the first attempt fail. Note that PPF/J&T/InWay/Tiscali has pulled out from the tender claiming that the consortium was not allowed full access to the data-rooms as Tiscali is a direct competitor to CT. In addition, according to EURO online, PPF says that the current course of the privatization may not comply with EU regulations. PPF may raise questions regarding public support should CT be sold at a price lower than the highest indicative bid, i.e. CZK 434 / share offered by PPF.