Thursday, April 27, 2006

Cesky Telecom Gets Go Ahead on Merger With Eurotel

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

Czech fixed-line telephone operator Cesky Telecom, 69.4-percent owned by Spanish phone giant Telefonica, says its general meeting has approved a merger with wholly owned mobile business Eurotel and the renaming of the combined company as Telefonica 02 Czech Republic.

The merger had already been announced by the two companies at the start of March. The new company is expected to take shape during the middle of the year with the expected benefits being felt from 2007.

More here.


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