Czech electricity firm CEZ has cancelled a tender to sell off its fixed telecommunications network, worth CZK1 billion (USD48.02 million), due to a lack of interest from the market, according to a report by the Respekt weekly magazine citing a spokesman as saying. The unnamed representative of one of the operators participating in the tender is quoted as saying that bidders lost interest after the terms and conditions of the sale were altered too many times, to the point that it ‘ceased to make sense financially’. As such, none of the operators in the tender – including O2 Czech Republic and T-Mobile CR – submitted bids. The joint-stock company CEZ was established in 1992 by the National Property Fund of the Czech Republic.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
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