Today is the deadline for TeleDanmark/Deutsche Bank to submit an improved offer for the government’s 51% stake in Ceske radiokomunikace. It is unlikely that there will be any official news today, but we expect some kind of information on the new bid, official or unofficial, in the coming days.
Separately, Ceske radiokomunikace called an EGM for June 15, the main issue being the approval of a capital increase in the cellular operator RadioMobil. RadioMobil faces capital expenditures of more than CZK 10 bil. this year, which it will finance with additional debt as well as an equity increase. If Ceske radiokomunikace does not want to see its stake in RadioMobil diluted below 39%, it will have to take part in the equity increase (CR would subscribe CZK 1.2 bil of new RadioMobil equity).
(Ondřej Daťka)