Czech fixed and mobile operator O2 Czech Republic, 84.06%-owned by local investment group PPF, has successfully refinanced its current debt and concluded a new CZK12 billion (USD500 million) loan facility in an agreement jointly arranged by Komercni banka (also acting as an agent), Ceska sporitelna, Ceskoslovenska obchodni banka, UniCredit Bank Czech Republic and Slovakia, Raiffeisenbank, Citibank Europe and Tatra banka. O2 Czech Republic says it will use the five-year loan facility to refinance its current debt, the conditions of which were approved at the telco’s general meeting held on 8 December 2015.
TeleGeography’s GlobalComms Database reports that the incumbent fixed line and mobile operator reported net profit of CZK3.72 billion for the nine months ending 30 September 2015, up 49% year-on-year, as EBITDA rose 29.4% over the same period. O2 Czech Republic also reported ‘stable’ consolidated revenues (including its O2 Slovakia business) for the period, of CZK27.7 billion, while noting that the results exclude Ceska telekomunikacni infrastruktura (CETIN), the company’s mobile and fixed infrastructure arm which was spun off in June this year. Mobile operating revenue climbed by 0.8% to CZK14.3 billion in the first three quarters, it said, but the carrier failed to staunch an outflow in users as the mobile subscriber base fell to 4.9 million, representing a 2.8% y-o-y decline. Within this figure, the pre-paid base was 6.2% lower at 1.66 million, and contract users declined 1.0% to 3.25 million.