The Euro weekly reports today that although an agreement between the Cabinet and TelSource (27% stake owner in Cesky Telecom) toward the joint sell of their stakes in Cesky Telecom expired in June, there is a new agreement assuming "certain cooperation" between those two parties related to a sale. The issue is pertinent due to an obligatory buyout offer following possible acquisition of TelSource’s stake by the recently announced Cesky Telecom privatization winner, a TDC/Deutsche Bank consortium.
According to MFDnes, TDC reportedly informed that the scenario of the acquisition of the remaining 49% stake in Eurotel (51% owned by Cesky Telecom) is "on the table". We believe that Eurotel acquisition is the best scenario for Cesky Telecom to follow after the privatization completion, but may not be preferred by Deutsche Bank.
MFDnes also cites unnamed JP Morgan representative (the Cabinet`s privatization advisor) saying that TDC/Deutsche Bank will want to acquire 100% stake in Cesky Telecom.
Jiri Soustruznik