Central Europe’s richest private equity firm is believed to have entered the race for the next generation of mobile phone network licences in the Czech Republic.
PPF Group confirmed to Dow Jones it was aware of the country’s upcoming 4G licence auction and could make a bid depending on the final conditions of the tender.
The Czech government is looking for up to $500m from the frequency auction and could allow a fourth operator to join Telefonica, T-Mobile and Vodafone.
Czech Telecommunications Office(CTO) chairman Pavel Dvorak said, “The main aim of this auction is to secure, in a relatively short time, top services of fourth-generation mobile broadband.
“The proposed conditions are set in a way that in case there is real interest, they will allow the entry of another mobile operator.”
The CTO anticipates the multi-round auction should be completed by the end of the year, with the network infrastructure likely to be deployed from 2013.
The share issue valued the company at £3.55bn.
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