Wednesday, March 01, 2006

Cesky Telecom Merges with Subsidiary Eurotel



An AFP newswire article, via Yahoo! News, reoprts that:

Czech fixed-line telephone operator Cesky Telecom, 69.4-percent owned by Spanish phone giant Telefonica, announced that it is to merge with its wholly owned mobile-telephone business, Eurotel.

The merger comes amid increased competition for Cesky Telecom and Eurotel, the country's biggest mobile phone company, on the converging Czech telecoms market.

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