TDC informed it will sell its stake in Ceske radiokomunikace and Contactel (50/50 owned by TDC and Ceske radiokomunikace) when the right time comes; there is already a buyer for Contactel he added. It is believed that TDC will sell its 25% stake in Bivideon (TDC/Deutsche Bank consortium), which holds 72% in Ceske radiokomunikace, to Deutsche Bank. The other alternative for Contactel is to merge it with Cesky Telecom.
The above is to prevent probable objections to TDC`s privatization of Cesky Telecom from the Antimonopoly Office. The Office will start its proceedings after the privatization contracts are signed, i.e., October 31. The Ceske radiokomunikace and Contactel issues should be solved by then. The market would not see Deutsche Bank`s 100% ownership of Ceske radiokomunikace as positive.
(ČSOB - denní finanční zpravodaj)