The NPF vice-chairman said yesterday that the NPF expects CZK 80 bil. in revenue from Cesky Telecom privatization (this implies CZK 487 per share). The vice-chairman said that the official October 2001 deadline for selecting a tender winner is ambitious, but that the fund will do its best to meet it. Although the implied price represents a significant premium to the current market price, the stock did not respond yesterday.
(Ondřej Daťka)