Domestic financial group PPF bidding for the state’s 51% stake in CT together with J&T (financial group) and Inway (local data provider) complained that the Cabinet changed the tender’s conditions by failing to recognize Inway as a telecommunication operator, requiring the consortium to team up with a ‘significant’ telecom in order to be allowed due diligence and to file a final bid. PPF is now negotiating with some other telecom operators including Telefonica.
According to Euro weekly, the privatization committee should decide what is a “significant” telecom operator on Tuesday. Euro also reports, that none of the five consortia plan to de-list CT’s shares. In addition, strategic operators would also list their shares in Prague via dual listing. Swisscom reportedly does not plan to change CT’s structure, Belgacom would keep separate brands CT and Eurotel. Blackstone/CVC/Providence would regard the acquisition as mid-term while PPF as short-term and would spin off Eurotel. Source: CTK, Bloomberg, Euro