Cesky Telecom’s stock moved yesterday on information regarding the buyout obligation for the future buyer of the government’s 51% stake in CT. In the morning, Reuter’s reported a Finance Ministry spokesman as saying that a proposal prepared for Cabinet, which is to be discussed at the next Cabinet meeting on Wednesday, July 26, seeks to impose a buyout obligation on the buyer of the government’s stake. The stock jumped immediately following the report, surpassing its opening level after earlier losing ground. However, the information turned out to be incorrect. A Ministry of Transport and Communications official was reported in the afternoon as saying that the proposal is to relieve the buyer of the buy-out obligation and, indeed, this is the case. The objective is to maximize the state’s revenue from CT’s privatization.
(Ondřej Daťka)