Spanish giant Telefonica has reached swiftly to rebut claims in the local press suggesting it is considering selling its Czech telecoms business to a Chinese investor. By contrast, the operator says that it is spending billions of Czech koruna every year and plans future investments in projects such as the creation of a new multi-million koruna data centre in Central Bohemia, and the forthcoming Long Term Evolution (LTE) spectrum auction. A spokesman for the firm, Hany Farghali, is quoted as saying: ‘We don’t have any plans to sell our Czech or any other operations, it’s just speculation
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OVETEL Telefonica scoffs at Czech unit sale rumour
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