V. Mlynar, the IT ministr, said to the local Pravo daily that while the privatization of Cesky Telecom is planned for 2005, it might be sold earlier if a reliable bidder appears. He also reiterated that the CZK price, for which Cesky Telecom intends to acquire an additional 49% stake in Eurotel, is significantly lower than the price that had been previously offered to Eurotel minority shareholders AT&T and Verizon Communications (USD 1.285 bil.). This is predominately the result of the strong Czech koruna, he added. Our current valuation denominated in USD suggests a maximum price of USD 1.120 bil. In line with previous comments.