Czech Telefonica: Slovak unit to hurt 2007 profit

27.10.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Oct 27 (Reuters) - Dominant Czech phone operator Telefonica O2 CR <SPTTsp.PR> expects its Slovak unit to hurt its operating income before depreciation and amortisation (OIBDA) next year, chief financial officer Juraj Sedivy said on Friday. The company, majority owned by Spain's Telefonica <TEF.MC>, in August won a tender for the third Slovak mobile phone network operating licence through a newly-created unit, Telefonica O2 Slovakia.

In reporting its nine-month financial results earlier in the day, Czech Telefonica said it expected about 2 percent growth in OIBDA for 2006 instead of its previous guidance of flat.

((Reporting by Jan Korselt

Writing by Marek Petrus

Editing by Alan Crosby

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Keywords: TELECOMS CZECH O2 SLOVAKIA

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