23. April 2003 - Unsure future for TDC in Czech Republic

It is doubtful whether TDC will continue to operate in The Czech Republic. On May 2 at the latest TDC has to decide whether they want to sell the Internet company Contactel, which TDC owns fifty percent of. Contactel works at a loss and TDC does not expect to make money on selling it. TDC also owns twenty percent of Ceske Radiokomunikace, which does not cover mobile telephony: the future area of growth. Analyst Holger Smitt from Sydbank therefore thinks that TDC will decide to sell Ceske Radiokomunikace. Another reason for selling would be considerations regarding competition in case TDC enters into the rival company Cesky Telecom. The privatization of Cesky Telecom has recently been postponed by the Czech government. TDC has refused to make a statement concerning this question.

(Børsen page 4)