O2 Czech Republic AGM clears infrastructure spin-off

Wednesday 29 April 2015 | 09:29 CET | News
O2 Czech Republic's general meeting on 28 April approved the split of O2 Czech Republic by spinning off a new company, Ceska telekomunikacni infrastruktura (CETIN). It will reduce its registered capital from the current amount CZK 27.461 billion to CZK 3.102 billion. The fixed public communications network assets, physical infrastructure of the public mobile communications network and data centres, and related employees, contracts and documentation, will transfer to CETIN. The board of directors will shrink from five to three members.

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Categories: Fixed / Mobile & Wireless
Companies: O2 Czech Republic
Countries: Czech Republic
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