| Abstract: | The rating on Telefónica O2 Czech Republic a.s. principally reflects the long-term rating on its indirect majority owner Spanish incumbent Telefónica S.A. (BBB+/Positive/A-2). Telefónica O2 Czech Republic's credit quality is also supported by the company's good domestic growth in mobile and broadband services, continued strong profitability, substantial cash flow generation, and robust credit protection measures. The rating is primarily constrained by strong competition and cannibalization from mobile telephony, which are affecting the company's domestic traditional fixed-line voice operations. The results for the nine months to Sept. 30, 2007, were good. Total revenues were Czech koruna (CZK) 47.1 billion (€1.67 billion), up 3.3% year on year. The mobile operation was the growth engine, supported by 4.3% subscriber growth year on year,
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Telefonica O2 Czech Republic a.s. Publication date: 23-Nov-2007 Primary Credit Analyst: Leandro De Torres Zabala, Madrid (34) 91-389-6965; leandro_detorreszabala@standardandpoors.com Secondary...
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| Report Type: | Summary
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| Ticker: | SPTT@CP
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| Issuer: | Telefonica O2 Czech Republic a.s.
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| GICS: | Integrated Telecommunication Services (50101020)
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| Sector: | Corporations, Global Issuers, High Technology, Telecommunications & Cable
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| Country: | Czech Republic
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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