Spanish incumbent Telefonica has rejected claims that it is planning to sell its business in the Czech Republic.
In a statement, Telefonica said it has “no plan to reduce or sell its activities in the Czech Republic”. It added that it is investing…
Spanish incumbent Telefonica has rejected claims that it is planning to sell its business in the Czech Republic.
In a statement, Telefonica said it has “no plan to reduce or sell its activities in the Czech Republic”. It added that it is investing billions of Czech Koruna into the Czech Republic and that it is planning to participate in the upcoming LTE tender.
The statement followed media reports that suggested Telefonica was looking to sell part or all of its Czech business, which operates under the O2 brand.
News website Czech Position wrote, citing local website novinky.cz, that Telefonica O2 was planning to withdraw completely from the country within two years.
The novinky.cz website reportedly cited an anonymous source saying that a Chinese investor was likely to take over. China Mobile was said to be a serious candidate.
At a conference in Barcelona last month, the CFO of Telefonica Group, Angel Vila, ruled out the sale of the company’s Czech, German or Mexican units, or of its minority stake in the Chinese mobile operator China Unicom.
Vila reportedly did say that the company was examining its operations to find non-core or underperforming parts that it could divest.
