Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 15 October 2013 11:35

Telefonica plans sell off of Czech unit

Written by Nick Farrell

Cash or Czech?

Spanish telecoms group Telefonica is preparing to flog off its $3.6 billion stake in its Czech unit.

Cash strapped Telefonica wants to cut its debt to under $64 billion by the end of the year and has sold a number of including its Irish business O2. Telefonica Czech Republic was widely tipped as an asset the group might ditch. Two of the sources said Czech investment group PPF, owned by the country's richest man Petr Kellner, was the most likely buyer.

PPF recently sold its telecoms arm, which will compete as Revolution Mobile under new ownership, but seems keen to get back into the sector. It considered joining a 4G spectrum auction now underway in the Czech Republic as a new entrant but did not, and so buying Telefonica's business would be an alternative way into the market.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments