Cesky Telecom management will today sign a contract with five banks for a loan valued at EUR 850m for CT’s purchase of the remaining 49% stake in Eurotel, the leading domestic mobile operator (CT is to pay USD 1.05bn for the minority stake). The loan will be split into three parts: a short-term EUR 300m loan maturing in 364 days, a five-year EUR 300m loan, and a five-year revolving loan. The acquisition should be completed by the end of November.
Jitka Oppitzová