According to CTK, TEF O2 CR paid additional charge of CZK 22m (approx. USD 1m or less than USD 0.01/share) to alternative operator Tiscali for disputed fees related to dial-up internet connections. The issue relates to first half of this year as Czech sector regulator declined TEF O2 CR’s objections earlier this month.
Our view:
Given the marginal amount the payment and that dispute has been resolved earlier this month we see the news impact as trading neutral.