Cesky Telecom announced that it its ADSL coverage has reached 84% compared with its plan of 63%. CT plans to further increase the coverage by the end of the year. We view CT's increased focus on data services as positive yet crucial, as it represents one of the few growth areas. Indeed, revenues from internet, data and VAS services increased by 16% y-o-y in 9M2004 and formed 10.3% of total fixed-line revenues compared with 8.4% a year earlier.
Tomáš Gatěk, Patria Finance