Czech Telecom privatization process proving to be difficult

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In a recent edition of News View, Radio Prague reported on the growing popularity of mobile phones and their competition to fixed lines. One telecommunications company which has enjoyed being a monopoly in the past but is now hit hard by competition is Czech Telecom. The Czech government has for some time been discussing privatizing the remaining state-owned shares in the company, but finding a buyer is proving to be harder than expected. To shed some light on the situation, Dita Asiedu spoke to Deputy Finance Minister Jan Mladek and asked him first who the current owners of Czech Telecom were: