The sale of KPN’s 6.5% stake in Cesky Telecom will not directly affect Telsource (a 51/49 joint venture of KPN and Swisscom), which holds a 27% stake in Cesky Telecom, Bessel Kok, the CEO of Telsource, said yesterday (the Czech Press Agency).
This will hardly ease the share-overhang concerns that KPN has raised in selling its stake, we believe.
Jiří Soustružník