FT joins private equity consortium to bid for Cesky Telecom

3 Mar 2005

France Telecom (FT) has announced that it will join the Blackstone Group, CVC Partners and Providence Equity Partners in a consortium which will bid for a 51.1% stake in Cesky Telecom. The FT-led group will join Swisscom, Belgacom and Telefonica on the shortlist of possible candidates for the stake; having narrowed the list down from ten interested parties, the government now has until the end of this month to decide on a winner. Cesky Telecom is the Czech Republic’s leading telco, with around 3.5 wireline customers and 4.4 million wireless subscribers at the end of 2004.

Czech Republic, O2 Czech Republic (incl. CETIN), Orange Group