MFDnes newspaper reports that, following recent top-level changes at KPN, TelSource (which holds a strategic 27% stake in Cesky Telecom, TelSource itself is co-owned by KPN) has asked for additional information related to the planned purchase by Cesky Telecom of the remaining 49% stake in Eurotel. Czech state (51% shareholder in CT) has already agreed to the purchase, but TelSource’s agreement is necessary before an EGM approves the acquisition. All this has implications also for the speed of Cesky Telecom privatization. Neutral, we continue to regard the Eurotel acquisition very likely.
(Ondřej Datka)