The crisis gripping the Spanish economy could shortly start to impact on the activities of Telefónica.
According to E15, there may soon be a partial management buyout of the company’s shares in Telefónica O2 Czech Republic, with up to 10% in the latter being sold for in the region of CZK12 billion (€474.2 million).
Telefónica O2 Czech Republic say its net profit fall by 9.9% to CZK3.25 billion in the first half of the year, while its revenues slipped by 2.8% of CZK25.16 billion.
However, these figures were much better than analysts had predicted and contrast with those of Telefónica itself, which has total debts of €57.1 billion.
Telefónica O2 Czech Republic’s interests include O2 TV, one of the longest-established IPTV services in Central and Eastern Europe.
About Chris Dziadul
