[RaioMobile and Eurotel capture two of three Czech 3G licenses.]

by Radek Narovec, Prague -- "Two Czech mobile phone operators bid above expectations for third-generation (3G) licences, fair value according to analysts but only about half what the government had hoped for when the process started last year.

"The Czech Telecommunications Office (CTU) said on Friday that RadioMobil bid 3.861 billion crowns ($104 million) for a licence.

"Its competitor Eurotel (NYSE:VZ - news)(NYSE:T - news) bid 3.535 billion Czech crowns ($95.67 million), a touch above the state's minimum of 3.5 billion crowns which was halved after unsuccessful first round in September.

More...

Back to Headlines...