Eurotel chief quits as Cesky flexes muscles

2 Jun 2004

Terence Valeski, the US-born managing director of Eurotel, resigned yesterday, following six months of political infighting with parent company boss Gabriel Berdar, CEO of Cesky Telecom. The two bosses have reportedly been at war since last December, when Cesky Telecom bought out US partners AT&T and Verizon. Valeski had been attempting to keep Eurotel’s independence, while his counterpart had been looking to tighten control of the subsidiary. The matter came to a head last month when Cesky Telecom forced Eurotel to postpone launch of high speed services over a CDMA network, expressing fears that it would compromise its own launch of ADSL.