The Cabinet should decide today whether it will use its option to sell its majority stake in Cesky Telecom alongside TelSource’s minority offering. According to the Czech Press Agency, the Cabinet will most probably refuse the option.
Separately, Cesky Telecom has applied to the domestic telecommunications regulator to pass the recently approved VAT reclassification on telecommunication services (from 5% to 22% in 2004) onto customers. A similar move is expected from the mobile operators.
(ČSOB - denní finanční zpravodaj)