| Abstract: | The ratings on Telefónica O2 Czech Republic a.s. principally reflect the long-term rating on the company's indirect majority owner, Spanish telecommunications incumbent Telefónica S.A. (BBB+/Positive/A-2), which is a strategic shareholder. Credit quality is also supported by the Czech operator's healthy domestic growth in mobile, fixed broadband, and IT/ICT (information and communications technologies) services, continued healthy profitability, substantial cash flow generation, and robust credit protection measures. The primary rating constraints are fierce competition in the broadband market from cable operators and alternative providers via the wireless local loop (WLL), strong fixed-to-mobile substitution, and some dilution--albeit manageable--in operating margins and cash flows owing to the start-up mobile business in Slovakia. Telefónica O2 Czech Republic met its operating targets in 2007, with 2.8%
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Telefonica O2 Czech Republic a.s. Publication date: 14-May-2008 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, 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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| Format: | | HTML |  |
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