Cesky Telecom: S&P assigned an “A” local currency rating to Cesky Telecom`s CZK 20 bil. medium-term note program. Within the program’s framework, the company has already issued CZK 3 bil. in bonds in July 2002 to re-finance part of is debt on more favorable terms. Neutral.
The sector regulator has ruled against new Internet dial-up tariffs at Cesky Telecom. Cesky Telecom wanted to introduce new tariffs from October, and to invoice the dial-up tariffs and the price paid to internet providers separately. An appeal is likely to follow.
Jiri Soustruznik