Cesky Telecom: TelSource and the Cabinet to conclude negotiations by next week

A spokeswoman for the National Property Fund said yesterday that TelSource and the government should conclude negotiations by next week on a possible joint sale of their respective stakes in Cesky Telecom. TelSource has a 27% stake in CT (KPN has an additional 6.5%) and the government 51%. Two scenarios that have been considered by the government are the lone sale of its own 51% stake or the sale of a joint 51% stake that would consist of TelSource/KPN’s almost 34% share and 17% of the government’s. The finance minister has until the end June to present Cabinet with a privatization strategy for Cesky Telecom.

(Ondřej Daťka)