CRA: a profit of several billions of Czech crowns
Article Abstract:
Ceske radiokomunikace (CRA) (Prague, Czech Republic), telecommunication firm, saw a gross profit of nearly CEK 21 bil in 2000. Its net profit amounted to nearly CEK 15 bil in 2000. The level of the profit was influenced by a payment for an option at Radiomobil (Prague, Czech Republic), operator of the mobile telephone network Paegas. CRA lost its majority in Radiomobil and decreased its stake in the firm from 51% to only 39% due to the step. C-Mobil (Czech Republic), which is controlled by the operator Deutsche Telekom (Germany), has become Radiomobil's main owner with more than a 60% stake. CRA plans to invest a part of the proceeds. It wants to build a backbone and access telecommunication network, which would compete with the network of the telecommunication firm Cesky Telecom (Czech Republic). Besides, the firm should invest in the digitization of the transmission of television and radio signals.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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CRA costs more
Article Abstract:
Ceske radiokomunikace (CRA) (Prague, Czech Republic), telecommunication firm, will be privatized. The state is exclusively negotiating the sale of its 51% stake in CRA with TeleDanmark (Denmark), which holds over a 20% stake in CRA. TeleDanmark and CRA are the co-owners of the telecommunication firm Contactel (Czech Republic), which should become the strongest competitor of the telecommunication firm Cesky Telecom (Czech Republic). TeleDanmark has increased its offer for the stake to more than USD 300 mil, about CEK 12 bil, compared to the original USD 225 mil. The revenue of the state from paid dividends in an amount of CEK 6 bil has to be added to the sum. The total proceeds of the state from the sale could be CEK 18 bil. Having increased its offer by CEK 3 bil, TeleDanmark has met the demand of the state. The state wanted to sell its stake in CRA for at least CEK 12 bil.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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The executive manager of GTS is Mr. Tomas Budnik
Article Abstract:
GTS Czech (Prague, Czech Republic), telecommunication company, increased its proceeds by 87% to CEK 1.27 bil in 2000 compared to 1999. GTS Czech, which was set up as a merger of GTS Czech Net (Czech Republic), GTS Inec (Czech Republic) and Dattel (Czech Republic) in Feb 2000, ensures voice, Internet and data services. Mr. T. Budnik was promoted to the newly set up position of the firm's executive manager in Mar 2001.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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