Russian billionaire eyes Czech Telefónica

Russian billionaire Vladimir Yevtushenkov is eying the Czech division of Telefónica, the biggest telecommunications firm on the Czech market. In an interview for the Bloomberg news agency, Mr Yevtushenkov said Telefónica Czech Republic was on his list of potential acquisitions in the telecommunications industry. The indebted Telefonica has been considering selling its Czech division for months; Czech tycoon Andrej Babiš has also expressed interest in buying Telefonica’s Czech branch.

Author: Jan Richter