Sign up for our newsletter
Technology / AI and automation

TELE DANMARK EXPANDS WITH STAKE IN CZECH COMPANY

Tele Danmark A/S, the former state-owned national Danish telecommunications company, has paid the equivalent of $54m for a 20.8% stake in Ceske Radiokomunikace (CRK), a private telecommunications company founded in the Czech Republic in 1994. CRK is involved in television and radio transmission as well as fixed and mobile telephony. The company is also the majority stake holder in Radiomobil, one of the Czech Republic’s two mobile phone operators. Tele Danmark said in April that it expected to make losses of up to $150m this year (against $482m of profit last year) due to tough new government rules which will cap the price it can charge for interconnect deals with competitors. Shares in Tele Danmark were unchanged at $28.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.