The deadline for preliminary bids on Ceske radiokomunikace is Monday of next week, December 4th. There may be some official or unofficial leaked information sometime next week regarding how many bids were submitted and who the bidders were. The government reported some time ago that 10 parties were interested in the government’s 51% stake in the company. According to previously released information, the bidders should include TeleDanmark, Deutsche Telekom, Telecom Italia, Vivendi, Emerging Markets Partnership, and Hicks, Muse, Tate & Furst (the latter two are financial investors). If market conditions continue to be poor, we doubt that such news about the preliminary bids will have much effect on the stock.
(Ondřej Daťka)