Ceske radiokomunikace (CRa) yesterday commented on the EGM (its timing is still to be determined) requested by a minority shareholder, Netla Management. The EGM would reportedly address (i) the valuation of CRa’s 39% stake in T-Mobile CR (the No. 2 domestic mobile operator, and CRa’s main asset), (ii) the loss of CRa’s 40% holding in Contactel (an alternative telco operator; we assign zero value to the stake), and (iii) the possibility of a majority takeover bid from Bivideon (a TDC/Deutsche Bank consortium, which holds a 72% stake in CRa).
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