| Abstract: | Strategic ownership by Telefónica S.A. Leading position, in terms of revenues, in the Czech mobile market Robust position in the Czech fixed-line market, capturing good broadband growth Modest financial risk, with sound cash flow generation and moderate debt Very strong fixed-to-mobile substitution Tough competition from cable operators in the broadband market Some dilution of operating margins and cash flows owing to the start-up mobile business in Slovakia 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,
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| Brief Excerpt: | RESEARCH Ratings Definitions 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 Credit Analyst:...
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| Report Type: | Full Report
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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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