The FinMin has commented on expected further steps in the Cesky Telecom privatization:
* Next month - the government is to set up a privatization committee;
* Early October - the government is to approve the sale method and the transaction timetable;
* End-2004 - potential bidders will be invited to the tender, should the sale to a strategic investor be chosen as the privatization method.
The above steps and their schedule are largely in line with expectations.
Source: Bloomberg.
Jan Hájek, Patria Finance