Eurotel

Each Eurotel company initially was assigned the rights to deploy packet data networks and mobile phone services using the NMT450 technology.

The packet data network elements did not grow as rapidly as hoped for and was later ceded back to the 51% Czech and Slovak landline operators.

The mobile business grew briskly and both Eurotel companies were later granted GSM licenses for both the Czech Republic and Slovakia.

In March 2000, EuroTel Bratislava successfully closed a Euro 175 million high yield bond offering, and became one of the first companies in Central Europe to access the public capital markets.

[2] On March 1, 2006 it was announced that Český Telecom and Eurotel would merge their operations into one company, Telefónica O2 Czech Republic, which was to take place in mid-2006.