Telefonica wins Slovakia's third mobile-phone license
Telefonica 02 owns 69% of the Czech unit. The offer by Telekom Austria AG, the largest phone company in Austria, was judged as the second best, while a bid by Radiokomunikace AS, the Czech Republic's second-biggest phone company, ranked third, Vavro said. Telekom Austria will „stick” to its plan to expand in eastern Europe, spokeswoman Elisabeth Mattes said in an e-mailed statement. The company is keen on buying a mobile-phone company in Bosnia and wants to bid for a cellular license in Serbia. Cyrrus's Bartek said the victory in the tender may cause the stock price for Telefonica's Czech unit to fall because of the expected spending to build the network in Slovakia. „The company will need to make big investments in Slovakia and this will probably hurt its dividends, whose growth has been the main force in driving the shares up,” he said. (Bloomberg)
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