Information and Technology Minister V. Mlynar and Cesky Telecom board of director member O. Felix reportedly held negotiations last week with Eurotel minority shareholder Atlantic West (an AT&T Wireless/Verizon Communication consortium) about the purchase of Atlantic West’s 49% stake in Eurotel, Cesky Telecom’s 51%-owned mobile operator. The MFDnes daily reported that, as per the negotiations, the price for the stake could be USD 1.285 bil., and that a purchase contract could be signed at the end of May.
Acquisition of the remaining 49% of Eurotel is the superior strategic choice facing Cesky Telecom at present, since this would secure an increased hedge against traffic migration to mobile business, product and cost synergies, and would eliminate influence of Atlantic West.
Separately, Cesky Telecom’s board of directors will be informed about a shortlist of CEO candidates today; it is possible that a new CEO could be selected today.
Jiří Soustružník