Eurotel, the mobile operator 51% owned by Cesky Telecom, yesterday provided some commentary on its H1 results (released on July 31). A decline of y-o-y revenue and profit was mainly caused by lower interconnection tariffs, as increasing competition has driven per-minute tariffs down. Eurotel expects net income (CZK 3.2 bil. in 2001) to grow by a few percentage points in 2002. The comments were not surprising, and the stock did not react.
Jiri Soustruznik