PPF in discussions over Czech deal

Petr Kellner’s PPF group has shunned the upcoming 4G spectrum auction in the Czech Republic and has instead been holding talks with the country’s existing operators with the intention of acquiring one of the three, TMT Finance understands.

Earlier in the year, PPF sold its 49% stake in insurance company Ceska pojistovna, for E2.5bn, and plans to use the cash for a multi-billion dollar deal to take control of one of the trio of telecom operators in the country which are all potentially on the block.

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