Tiscali allowed to proceed in Cesky Telecom privatisation

25-02-2005

The Italian internet provider Tiscali has been allowed to join a consortium bidding for a 51.1 percent state-held stake in dominant Czech land-line operator Cesky Telecom, a ministerial privatisation commission announced on Friday. Tiscali will join the Czech-Slovak PPF/J and T/InWay consortium, one of five bidders for the state's stake. The government launched a tender for Cesky Telecom last December and said financial investors would not be allowed to bid directly but would have to team up with telecoms companies.