TDC to assume full control of Contactel?

7 May 2003

The future ownership of financially-troubled Czech telco Contactel remains undecided following a statement from existing 50% shareholder Ceske Radiokomunikace that it has no plans to invest any further funds into the company. Last week Contactel said that its shareholders had agreed a CZK800 million basic capital increase, but refused to go into further detail. However, Ceske Radiokomunikace has since gone on record to say that its share would fall to 40% following the deal, with many analysts believing it wants to divest its shareholding completely. This would leave the way open for Contactel’s other current 50% shareholder, Danish operator TDC, to take full control of the company. TDC has an option to buy out Ceske’s stake, but has refused to comment on its plans.

Czech Republic,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.