According to CTK, Czech Telecommunication Office (CTU), local regulator, plans to increase phone call prices of the cheapest Cesky Telecom’s fix-line subscription program within one year and thus remove cross financing from other services and consequently remove regulation of completely. We believe that news may be slightly positive for Cesky Telecom as the company may could introduce new form of fixed-payment programs and thus increase the attractiveness of constantly falling fix line revenues. We reiterate our Sell recommendation.