A monopoly ends with a record profit
Article Abstract:
Cesky Telecom (CT) (Prague, Czech Republic), telecommunication firm, saw a preliminary profit of CEK 6.4 bil in 2000, down 3% from 1999. The firm's proceeds totalled more than CEK 57 bil in 2000, up 10% from 1999. The largest share in the growth of the firm's revenues was represented mainly by data services, an increase in proceeds from fees for the utilization of telephone stations and the proceeds of the mobile telephone operator Eurotel (Czech Republic), in which CT holds a 51% stake. In 1999 Eurotel ensured nearly CEK 8 bil of CT's proceeds. Eurotel had 2.17 mil clients at the end of 2000, twice as many as at the beginning of 2000. CT increased the number of its clients connected to the Internet through the division OnLine in 2000. The number of the clients was 200,000 at the end of 2000 compared to 45,000 in 1999. CT dismissed 14% of its employees in 2000. Currently, it has 17,300 employees. The firm operated 3.85 mil telephone lines at the end of 2000.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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What the last year of the telecommunication monopoly was like
Article Abstract:
Cesky Telecom (Prague, Czech Republic), telecommunication firm, generated a net profit of CEK 6.4 bil on proceeds of more than CEK 57 bil in 2000. In 2001 the firm plans to invest about CEK 15 bil, the same sum as in 2000. The investment will go primarily to the launching of new services, which should substitute smaller incomes from call fees and a negligible increase in the number of new customers.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Aliatel does not want to exchange its owner in 2001
Article Abstract:
Aliatel (Prague, Czech Republic), telecommunication firm, expects a profit in 2003. It should pay dividends in 2005. The firm saw proceeds of CEK 254 mil for 1Q 2001, 140% more compared to 1Q 2000. It reported a loss for 1Q 2001, mainly for the reason of investments. Its investments were CEK 74 mil for 1Q 2001, CEK 20 mil more compared to 1Q 2000. Aliatel has a 40% stake held by RWE (Germany). Bessides, it has a 60% stake equally held by seven Czech electric power distribution firms. Aliatel should be sold to a new owner during 2H 2002.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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