Acquisitions help GTS Novera secure 14.2% of Czech fixed line market

30 Nov 2006

Czech alternative telecoms operator GTS Novera now controls 14.2% of the country’s fixed line market, in terms of revenue volume generated, writes Telecompaper, just a year after acquiring rivals Telenor Networks, Nextra and Contactel. According to TeleGeography’s GlobalComms database, GTS Novera was formed in the second half of 2005 through the merger of alternative operators GTS CZECH and Aliatel. GTS offered CZK1.8 billion (USD72 million) for a 100% stake in Aliatel in December 2004, trumping a bid of CZK1.7 billion from eTel in the process. The transaction was closed in February 2005. In November 2005 GTS’s parent company acquired another rival, Contactel, from TDC of Denmark, to further strengthen its unit’s position in the market. Telenor Networks and internet and data service provider Nextra were added to its portfolio of assets before the year was out. The three new units were integrated within the company by mid-2006 and began trading as GTS Novera from 1 July.

Czech Republic