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Industry: Email Alert RSS FeedU.S. companies to sell stake in Czech operator.
RCR Wireless News, August, 2001
PRAGUE, Czech Republic--Atlantic West, a joint venture owned 51 percent by Verizon Telecommunications and 49 percent by AT&T Corp., is reportedly selling its 49-percent stake in Czech mobile operator EuroTel Praha for about $1.5 billion to Cesky Telecom. The deal would give Cesky Telecom 100-percent control of the operator.
International press reports said the companies have not yet reached a final agreement. EuroTel is the leading mobile operator in the Czech Republic with about 2.65 million users at the end of June. In addition, reports said Verizon and AT&T are in discussions to sell their combined 49-percent stake in Eurotel Bratislava, a mobile operator in the Slovak Republic. Deutsche Telekom owns the other 51 percent of Eurotel Bratislava.
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