Český Telecom - Eurotel had 4.2m clients by the end of 2003, penetration reach 93%

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Investiční bankovnictví KB

      Mobile operator Eurotel (100% owned by Cesky Telecom) announced that it had 4.2m clients by the end of the last year, which represents an increase of 323k y/y. The biggest increase was traditionally recorded in the last quarter, when 196k clients decided to use Eurotel’s services, which is more that in the preceding three quarters. The clients were particularly interested in flat-rate internet access, which resulted in increase of number of post-paid clients. According to unofficial information the other two operators reportedly both attracted around 350k new clients. Thus the number of mobile users increased to 9.6m, which translates into mobile penetration above 93%.

       The increase in post-paid clients in particularly positive for Eurotel and consequently for Cesky Telecom, as their generate higher revenues and more stabile cash flow. We expect the number of post-paid clients using mobile internet access to increase mainly thanks to Eurotel’s aggressive pricing policy.

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