In a follow-up of deputy finance minister’s comments on Cesky Telecom, reported yesterday by the Dow Jones Newswire (DJN reported that the deputy said that Cesky Telecom could bid USD 1 bil. for the remaining 49% stake in the Eurotel, and that if this price were not achieved, the government would have to privatize CT without the company acquiring 100% of Eurotel), MFDnes newspaper says today that, “according to available information,” Cesky Telecom is now bidding USD 1.1 bil. for the Eurotel stake, plus an unspecified majority premium. Cesky Telecom has declined to comment on its bid. Given that the additional information in the MFDnes report is minimal, we do not expect this to have any effect on the stock. The paper also says that the Cabinet should discuss a new CT privatization plan at one of its next sessions, which is also nothing new.
(Ondrej Datka)