Telefónica offer OK’d

21 Jul 2005

The Czech Republic’s Securities and Exchange Commission has cleared Telefónica’s buyout offer to minority shareholders of Cesky Telecom. The Spanish telco acquired the state’s 51.1% stake for EUR2.7 billion in May and was required to make an offer to existing investors. Its valuation of CZK456 per share had been criticised by some shareholders as being too low.

Czech Republic,O2 Czech Republic (incl. CETIN), Telefonica,



Have feedback, corrections, or story ideas? Send them to

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
  • Regulators

Learn more about advertising on CommsUpdate.