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Current AffairsCan new Telecom owner halt decline in number of fixed line telephones?
Over the last half decade or so there has been a dramatic fall in the
number of old-fashioned, fixed line telephones here in the Czech Republic.
Telefonica O2 (formerly Cesky Telecom) says there are now 2.84 million
fixed line phones in this country - that's close to a million less than in
the year 2000. What has led to this sharp decline? And will services like
TV over the phone persuade Czechs to keep their fixed lines? I spoke to
Emir Halilovic, senior analyst at communications group IDC CEMA.
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In Business News: Vodafone has halted plans to launch a UMTS mobile phone
network; the Telecoms Office is considering allowing a fourth mobile
operator to enter the Czech market; Zdenek Bakala plans to seek a listing
for his coal company OKD on the London and Paris stock exchanges; Prague's
Ruzyne airport runs into difficulties with plans to build a new runway; and
two Czech banks open cashless branches in an effort to combat the problem
of hold-ups.
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In Business News: the minimum wage is to increase slightly from July;
Czechs are spending less on household insurance relative to earnings;
Plzensky Prazdroj is to invest heavily into its brewing technology; lower
VAT on coffee, tea and chocolate takes effect on July 15.
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Cesky Telecom general meeting clears merger with mobile unit Eurotel.Czech
Airlines boosts passengers by 4.3 percent in first quarter. Smart Wings to
start regular flights from Budapest. PM to fly to South Korea to seal
Hyundai plant deal. MPs vote for sales tax cut on selected foodstuffs.
Steyr carrier-producer signs contracts with main suppliers. Lower house
again passes cinematography fund bill More
Business NewsBusiness Briefs
The Toyota-Peugeut-Citroen automobile plant (TPCA) in Kolin, east Bohemia,
is in line to produce 300,000 cars per year; Russian President Vladimir
Putin has indicated some of Russia's oil profits could be reinvested in
the Czech Republic in areas of science and culture; Cesky telekom will
merge with subsidiary Eurotel to form Telefonica O2.
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CNB decides not to cut interest rates. Czech Telecom to offer internet television service. Czech Telecom to offer internet television service. RWE and E.ON to boost competition with series of asset swaps in Central. Environment Ministry controls volume of phosphates in washing powder with. Skoda Praha to build plant in Vietnam
new decree
Europe. Bang & Olufsen launches production at new plant in northern Moravia
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In Business News: the Czech crown reached a record high against the euro
this week; the average gross monthly wage grew to almost 19,000 crowns in
the third quarter; the anti-monopoly office has imposed a fine of over 8
million dollars on Cesky Telecom for abusing its market dominance; and the
prices of gas, electricity and heating are set to rise from the start of
next year.
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