According to CTK, regional court confirmed decision of antimonopoly office concerning fine of CZK 81.7m (EUR 2.9m, less than EUR 0.01 per share), which was already paid in 2004. The fine relates to long-term loyalty programs for corporate customers from beginning of 2000. Company can still challenge the decision at the Supreme Administrative Court, however TEF O2 CR declined to comment it.
Our view:
As the fine has already been paid and only positive outcome could have been surprise for the market, we don’t expect the news to have any trading impact.