CTEL is holding a conference call this afternoon to discuss incremental details of its medium-term strategy and guidance as presented during the Telefonica Investor Day on May 26. Conference call details as follows: Wednesday, 7 June, 2006 14h00 GMT, 15h00 CET Dial-in number: +442071620125 (Europe), +13343236203 (US) The presentation has already been disseminated and we do not believe there will be significant additional information that will be disclosed. We maintain our Buy rating on CTEL with CZK 510 fair value.