Regional court rejected the possibility to compensate TEF O2 CR for paying CZK 205m (EUR 7.2m or EUR 0.02 per share) fine, which was imposed due to abuse of TEF O2 CR’s dominant position in the past. Company will revise its claim but could still appeal the decision at Supreme Administrative Court.
Our view:
This news came out yesterday during trading session, so the market had time to digest it. Furthermore as the fine was already paid and chances to win the dispute were small, we see the adverse outcome as neutral for the stock price.