The steering committee for the sale of the Czech government’s 51.1% stake in Cesky Telecom has recommended that the holding be sold to Telefónica after the Spanish group submitted the highest bid for the operator on 29 March. Telefónica’s final offer of CZK502 (USD22) per share outbid rival offers by Belgacom and Swisscom. The committee has now passed on its recommendation to the government, which is expected to make a final decision on the sale shortly. However, the sale of Telecom could yet be abandoned depending on the results of a confidence vote in Prime Minister Stanislav Gross on 1 April. If Gross’ coalition government is dissolved the privatisation could be delayed indefinitely whilst a new administration is formed.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
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