Cesky Telecom - government will discuss company’s privatization on Wednesday (updated)

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Investiční bankovnictví KB

      The Czech government should discuss privatization of Cesky Telecom on its Wednesday’s meeting. Government should only discuss selection of privatization advisor. Applications into tender for advisor should be accepted until the end of January and the winner should be announced on 15 July. Then the advisor should recommend the government appropriate privatization method. Reportedly three scenarios are considered – sale of 51% stake to winner of a tender, sale of whole or part of government’s stake through market and combination of both methods. According to previous government estimates, privatization of Cesky Telecom should be completed in 2005.

       We expect the decision on company’s privatization would have positive impact on the company’s share price.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.