Cesky Telecom (CTel), the dominant domestic fixed-line operator, will choose a bank to help finance its acquisition of a 49% stake in Eurotel, the No. 1 mobile operator in which CTel currently holds 51%, in September. More than 20 banks are reportedly interested in providing the loan. CTel is to pay USD 1.05 bil. for the minority stake and it intends to increase its debt by EUR 850 mil.
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