Czech telecoms group Ceske Radiokomunikace reached a deal with consortium CMobil to speed up re-alignment of their mobile phone joint venture.
Published:
21 October 2000 y., Saturday
Czech telecoms group Ceske Radiokomunikace reached a deal with consortium CMobil to speed up re-alignment of their mobile phone joint venture and pave the way for Radiokomunikace's privatization.
Radiokomunikace said in a statement that it had agreed that CMobil, led by a unit of Deutsche Telekom AG, would pay to take a majority stake in the fast-growing Radiomobil venture, clearing the way for the sale of Radiokomunikace.
The company said that CMobil will raise its stake in Radiomobil to 60.77 percent from 49 percent and will and pay compensation to Radiokomunikace in the first quarter of next year, several months earlier than previously agreed.
The government has called on CMobil to speed up the transaction to clear the way for privatization. Radiokomunikace has not disclosed the specific size of the compensation, but it has said it is in the range of USD 550 million, a sum larger than the company's equity.
Radiokomunikace shares firmed CZK 19 on the news to 1575 but had retreated to CZK 1554 by around 1500 GMT, still up 4.09 percent on the session.
Šaltinis:
centraleurope.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Between 2000 and 2008 EU27 trade in goods with China more than tripled in value, with EU27 exports to China rising to 78 billion euro in 2008 compared with 26 bn in 2000, and imports rising to 248 bn from 75 bn.
more »
The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2009 gave a 0.4 bn euro surplus, compared with -2.3 bn in March 2008.
more »
On May 18 this year, AB Bank SNORAS begins to distribute two emissions of one-year fixed interest bonds.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers.
more »
The 25-year Sri Lankan civil war looks to be in its final throes.
more »
The sheer scale and nature of taxpayers' cash claimed as allowances by Britain's lawmakers has stunned the nation.
more »
The European Commission has decided to send a formal request to Lithuania regarding the award of a works contract by Lithuania Railways for the modernisation of the railway radio communication system through the introduction of a GSM-R system.
more »
The speed and depth of the financial crisis has been brutal and over the last year MEPs have been hard at work on a two-fold approach to the crisis.
more »
The Group commits to reducing its CO2 emissions by 30% by 2020 supporting the “20-20-20” goal set by the EU.
more »
This weekend, in the second round of Le Mans Series championship on SPA track, in Belgium, SNORAS Spyker Squadron team that participated there took the fifth high position.
more »