Euro24 reported that France Telecom’s top management is to meet with the Czech government concerning the CT sale next week. We spoke to France Telecom’s IR department, which told us it is not aware of any meeting to be held in Prague next week. More importantly, they told us that France Telecom has a very conservative acquisition policy and that is not seeking any acquisition above EUR 500m until 2005. The Cesky Telecom deal is worth about EUR 2bn. Neutral.
Emilia Zampieri, Patria Finance