The agreement between TelSource and the Czech government regarding their joint sale of Cesky Telecom stakes should be signed within two weeks, according to Deputy Transport and Communications Minister Marcela Guerlichova. Cabinet must approve the agreement before it is signed, she said. Contrary to earlier reports, that the 51% stake to be sold would consist of the state’s 34% and TelSource’s 17%, she said that the split has not yet been agreed. The conclusion of a sale agreement between TelSource and the state would be a positive development for the stock, but we do not expect the stock to react to such interim and inconclusive news.
(Ondřej Daťka)