Cesky Telecom: now better placed for sale

1 Nov 2004

Three times the privatisation of Cesky Telecom has been on the cards, and three times the process has failed. Undeterred, the Czech government is planning a fourth attempt, which could generate up to CZK65 billion for the public coffers. According to the Financial Times the Prague administration is currently undecided as to whether to run a tender for the stake or make a secondary placement of stock. Unnamed sources claim the government appears to be moving towards the stock market option, on the basis that it would be more transparent. However, if the price differential between the two is substantial, the government is expected to go with whichever method will raise the most money.

Czech Republic, O2 Czech Republic (incl. CETIN)