Telecom plans expansion abroad

The country's dominant telecommunications company, Cesky Telecom, plans to expand to foreign markets, which would include capital entries in other companies, company CEO Gabriel Berdar said on Thursday. According to Mr Berdar, Cesky Telecom generated record-high consolidated revenue last year and can afford to ponder investment and possibly dividends owing to its low debt. In 2004, the company's consolidated revenue totalled 62.1 billion Czech crowns (2.5 billion US dollars), a year-on-year growth of 21 percent.