NPF: Privatisation of Cesky Telecom to be completed by end of June

01-04-2005

The privatisation of the state-controlled Cesky Telecom should be completed by the end of June, an official at the National Property Fund said on Friday. The cabinet is expected to announce the sale of the state's 51 percent stake in the company to Spain's Telefonica in the middle of next week. The sell-off of Cesky Telecom is the last remaining privatisation of a major state concern.