Key Developments: O2 Czech Republic as (SPTT.PR)

SPTT.PR on Prague Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Telefonica Czech Republic as launches LTE for mobiles in Prague and Brno-Reuters
Monday, 17 Feb 2014 05:21am EST 

Telefonica Czech Republic as:Launches LTE fourth-generation data services for mobile phones in its network on Feb. 17-Reuters.The new network is available in Prague and Brno.  Full Article

Telefonica Czech Republic as appoints new chairman of supervisory board
Tuesday, 28 Jan 2014 07:00pm EST 

Telefonica Czech Republic as:Announces resignation of its chairman of the supervisory board, Maria Eva Castillo Sanz.Appoints Martin Stefunko new chairman of the supervisory board effective Jan. 30.  Full Article

Telefonica SA closes sale of 65.9 pct stake in Telefonica Czech Republic as to PPF Group
Tuesday, 28 Jan 2014 11:37am EST 

Telefonica SA:Says that, as a continuation of a press release dated Nov. 5, 2013, it has closed the sale of a 65.9 percent stake in Telefonica Czech Republic as to PPF Group.Says Telefonica will hold a 4.9 percent stake in Telefonica Czech Republic.Says, additionally Telefonica will remain as an industrial and commercial partner for Telefonica Czech Republic for four years.Says this transaction is part of Telefonica's strategy to focus on its core markets and optimize its financial flexibility.  Full Article

Telefonica Czech Republic plans 10 percent job cuts - Reuters
Monday, 20 Jan 2014 02:24am EST 

Telefonica Czech Republic as:Telefonica Czech Republic as announces its plans to lay off about 10 percent of its workforce in 2014 as part of an ongoing restructuring - Reuters.It employed 5,622 people at the end of Sep. 2013, down 12 percent year-on-year following a similar plan to reduce staff in 2013.  Full Article

Telefonica Czech Republic as, Deutsche Telekom AG’s T-Mobile Czech Republic and Vodafone Group Plc’ Vodafone Czech Republic Win Auction of Radio Spectrum for 4G Mobile Data Networks - Reuters
Tuesday, 19 Nov 2013 11:32am EST 

Reuters reported that Telefonica Czech Republic as, Deutsche Telekom AG’s T-Mobile Czech Republic and Vodafone Czech Republic belonging to Vodafone Group Plc won an auction of radio spectrum for 4G high-speed mobile data networks in the Czech republic, the telecoms regulator said on Tuesday (November 19, 2013). The regulator, Cesky telekomunikacni urad (CTU), said two newcomers that had taken part in the sale, which raised CZK 8.5 billion (USD 420.44 million) for the country, did not gain licenses. CTU announced that Telefonica Czech Republic auctioned frequencies for CZK 2.802 billion while T-Mobile Czech Republic will pay CZK 2.614 billion and Vodafone Czech Republic CZK 3.113 billion.  Full Article

Standard & Poor's Ratings Services Lowers Its Long-Term Corporate Credit Rating On Telefonica Czech Republic as-DJ
Thursday, 14 Nov 2013 11:45am EST 

Dow Jones reported that Standard & Poor's Ratings Services said it had lowered its long-term corporate credit rating on Telefonica Czech Republic as to BBB- from BBB. At the same time, the agency placed the rating on CreditWatch with negative implications. The rating action follows the agreement of the Company's majority owner, Telefonica SA, to sell its majority stake in Telefonica Czech Republic as to Netherlands-based investment holding company PPF Group NV (PPF), as announced on November 5, 2013.  Full Article

Telefonica SA Agrees To Sell 65.9% Of Telefonica Czech Republic as To PPF Group For EUR 2,467 Million; Telefonica Czech Republic as To Change Its Name
Tuesday, 5 Nov 2013 02:49am EST 

Telefonica SA (Telefonica) announced that on November 5, 2013 it reached an agreement with PPF Group (PPF) to sell 65.9% of Telefonica Czech Republic as, which includes its operations in Slovakia. The total cash consideration for the operation is EUR 2,467 million, with EUR 2,063 million in cash payable upon completion of the transaction and a deferred payment of EUR 404 million over a period of four years. Before transferring the shares, Telefonica will receive an additional payment of EUR 260 million in November for the dividend declared. Although it is expected that PPF will launch a mandatory tender offer for the remaining capital, Telefonica will maintain a stake of 4.9% in Telefonica Czech Republic as and will remain as an industrial and commercial partner for a period of four years. Under the terms of the agreement, Telefonica may dispose of its shares subject to certain conditions once the mandatory offer is over. Telefonica Czech Republic as and Telefonica Slovakia will change their company names but will continue to trade under the O2 Brand for a maximum of four years. The closure of the transaction is subject to obtaining the relevant regulatory approvals.  Full Article

Telefonica Czech Republic as and Deutsche Telekom's T-Mobile Czech Republic Sign Agreement for 2G and 3G Mobile Networks Sharing
Wednesday, 30 Oct 2013 01:04pm EDT 

Telefonica Czech Republic as announced that it signed an agreement with T-Mobile Czech Republic (belonging to Deutsche Telekom AG) concerning the sharing of their existing mobile networks of second and third generation (2G and 3G networks). The aim of cooperation is to ensure the coverage of 2G and 3G networks in the Czech Republic and increasing the operational efficiency of mobile networks of both companies. The agreement is the result of negotiations launched in August this year (2013). The companied did not disclose any financial details.  Full Article

PPF Talks with Telefonica SA on Buying Its Czech unit Telefonica Czech Republic as - Reuters
Wednesday, 16 Oct 2013 08:25am EDT 

Reuters reported that Czech investment group PPF is in talks with Telefonica SA on the possibility of buying the Spanish telecoms firm's Czech operations - Telefonica Czech Republic as. PPF said it was not clear at this moment what the talks will result in or whether an agreement can be reached and what would be conditions of such a deal. Telefonica SA, which aims to cut its large debt load, said on Tuesday (October 15, 2013) it was exploring options for Telefonica Czech Republic as, which could include a sale, and that it was in talks with PPF, owned by businessman Petr Kellner.  Full Article

Telefonica Czech Republic as and T-Mobile Czech Republic Negotiate over Consolidation of Their Current 2G and 3G Mobile Networks
Thursday, 29 Aug 2013 11:01am EDT 

Telefonica Czech Republic as announced that together with T-Mobile Czech Republic it has started negotiations regarding the consolidation of their current 2G and 3G mobile networks. These negotiations are building upon the 3G network sharing scheme, which both companies already implemented in 2011-2012. The objective of the planned cooperation is the creation of a 2G and 3G network coverage in the Czech Republic. Both sides intend to close the deal by the end of the 2013 year in order to begin implementing the sharing scheme in 2014.  Full Article

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