Nine companies interested in Cesky Telecom

Nine companies have expressed interest in buying the state's 51 percent stake in the telecommunications company Cesky Telecom. The National Property Fund has said it expects to have preliminary, non binding offers from all interested parties by February 3rd. The sale is expected to raise 50 to 60 billion crowns. The Czech government decided late last year to offer its stake in Cesky Telecom to an investor while retaining the option to sell the shares on the financial markets if no direct sale had been agreed by the end of March.