Czech power provider CEZ abandons USD48m tender due to lack of interest

19 Aug 2014

Czech electricity firm CEZ has cancelled a tender to sell off its fixed telecommunications network, worth CZK1 billion (USD48.02 million), due to a lack of interest from the market, according to a report by the Respekt weekly magazine citing a spokesman as saying. The unnamed representative of one of the operators participating in the tender is quoted as saying that bidders lost interest after the terms and conditions of the sale were altered too many times, to the point that it ‘ceased to make sense financially’. As such, none of the operators in the tender – including O2 Czech Republic and T-Mobile CR – submitted bids. The joint-stock company CEZ was established in 1992 by the National Property Fund of the Czech Republic.

Czech Republic, O2 Czech Republic (incl. CETIN), T-Mobile Czech Republic