Chairman of NPF confirms problems with privatization of Cesky Telecom

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Investiční bankovnictví KB

      Chairman of the NPF Jan Juchelka said the government could soon approve the privatization of Cesky Telecom, but completion of the trade will depend on solution of other issues. An agreement between the government and TelSource reportedly guarantees the same selling price for both stakes. Moreover, minority shareholder of Eurotel consortium Atlantic West reportedly holds an option to raise its 49% stake in Eurotel or exit the company in case of ownership changes in Cesky Telecom. According to Juchelka, the government could approve the sale next Wednesday and leave on the other parties to negotiate about these issues.

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