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O2 Czech Republic as (SPTT.PR)

SPTT.PR on Prague Stock Exchange

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

PPF sets buyout offer for O2 Czech Republic at 78 crowns a share-Reuters
Monday, 8 Jun 2015 05:19am EDT 

O2 Czech Republic as:O2 Czech Republic's majority owner, investment group PPF, has offered 78 crowns per share to shareholders in a voluntary buyout-Reuters.PPF will also offer 176 crowns per share for CETIN, the company created this month after a spin-off of Czech O2's infrastructure assets.PFF said it would publish details of the offer after June 15.PPF holds 84.7 percent of Czech O2 after buying a majority stake from Spain's Telefonica.  Full Article

O2 Czech Republic as shareholders approve splitting company -Reuters
Tuesday, 28 Apr 2015 02:34pm EDT 

O2 Czech Republic as:Shareholders agreed to spin off the infrastructure part of the fixed and mobile telecommunications firm into a new company -Reuters.The new firm, CETIN, which will not be publicly traded, contributed about 50 percent of the group's operating profit last year.O2 shareholders will be each given one share in the new firm per one O2 share.What remains of Czech O2 will continue as a publicly-listed operator, providing voice and data services as well as television.Shareholders who voted against the spinoff will have the right to sell their shares in the new firm in a buyout offer for a price to be determined by an audit, but likely close to 150 crowns per share determined by a previous evaluation.  Full Article

O2 Czech Republic as establishes a new unit in Slovakia-Reuters
Wednesday, 18 Mar 2015 10:31am EDT 

O2 Czech Republic as:Establishes a new unit in Slovakia that will be responsible for provision of fixed line services-Reuters.  Full Article

Vodafone’s unit suing O2 Czech Republic for 385 million Czech crowns-Reuters
Tuesday, 17 Mar 2015 07:02am EDT 

O2 Czech Republic as:Vodafone's Czech unit is seeking damages of 385 million Czech crowns from O2 Czech Republic for what it says is the company's abuse of a dominant position in the fixed broadband market-Reuters.Vodafone said it was forced to pay high costs for wholesale access to DSL (digital subscriber line) broadband, preventing it from offering prices that could compete with O2 Czech Republic.O2 Czech Republic said Vodafone's complaint was unjustified.The claim was filed with the Prague municipal court.  Full Article

O2 Czech Republic as proposes FY 2014 dividend - Reuters
Wednesday, 11 Mar 2015 02:52am EDT 

O2 Czech Republic as:Board proposed FY 2014 dividend payment of 13 Czech crowns per share from 2014 profit and retained earnings, down from the previous payment of 18 crowns-Reuters.The total payout will amount to 4.1 billion crowns.The record date for the right to the dividend is April 28.  Full Article

O2 Czech Republic as board approves split into operator and infrastructure firm-Reuters
Friday, 27 Feb 2015 12:54pm EST 

O2 Czech Republic as:Board of directors approved to split up the firm into an infrastructure company and a telecommunications operator-Reuters.Plan, which had been under consideration for some time, was also approved by the supervisory board but still needs approval from shareholders, mainly majority owner PPF, a vehicle of financier Petr Kellner.The company said shareholders would get one share in new infrastructure firm Ceska Telekomunikacni Infrastruktura per each share in the old firm.The residual O2 Czech Republic will cut nominal share value of each share with nominal value of 87 crowns to 10 crowns.Shares in the newly created firm will not be listed.  Full Article

O2 Czech Republic as takes steps to spin off infrastructure into new firm-Reuters
Tuesday, 6 Jan 2015 11:46am EST 

O2 Czech Republic as:Says it decided to spin off its fixed and mobile infrastructure into a separate entity that would provide wholesale services to other market players-Reuters.In Aug. 2014 it was looking at spinning off the infrastructure after the PPF takeover from Spain's Telefonica.PPF did not say if separating the infrastructure would lead to a sale of the assets.  Full Article

O2 Czech Republic as appoints Tomas Budnik chairman of board of directors
Tuesday, 6 Jan 2015 11:43am EST 

O2 Czech Republic as:Its board of directors elected Tomas Budnik to the office of its Chairman and Tomas Kouril to the office of its vice chairman.Both changes are effective as of Jan. 7.  Full Article

Luis Malvido will leave O2 Czech Republic as on Dec. 31
Monday, 22 Dec 2014 07:00pm EST 

O2 Czech Republic as:Luis Malvido resigns from his post of the company’s Chairman of the Board of Directors.Luis Malvido will leave the company on Dec. 31.Tomas Kouril, the company chief financial officer, will join the company’s Board of Directors on Jan. 1 and the directors will then choose a new chairman from among their rank.  Full Article

Prague newcomer Moneta set to leapfrog O2 in MSCI index battle

PRAGUE, Nov 1 General Electric's gradual sale of its stake in Moneta Money Bank has lifted the Czech bank's chances of joining MSCI's benchmark country index, potentially attracting a new pool of investors.