The telecom group O2 Czech Republic plans to remove all public pay
telephones by year’s end except for those it is obligated to keep in the
country’s smallest municipalities.
Out of the roughly 3,900 telephone booths currently in operation, some 1,150 will remain in municipalities with up to 200 inhabitants, an O2 spokesperson said.
Škoda Transportation has been confirmed as the winner of a tender to
supply of up to 45 six-car metro trains for Warsaw.
The first set is due to be handed over to the Polish capital within two years of signing the purchase contract.
Škoda Transportation is part of the PPF group controlled by Czech billionaire Petr Kellner. The total value of the contract is almost 8 billion crowns.
O2 Universum, a major new multifunctional hall is set to open for the first
time this Thursday in Prague, with a concert by the popular Czech rock band
Kabát. The 50,000 square meter complex neighbours the 02 Arena, Prague’s
biggest venue of its kind. The O2 Universum contains a number of halls, the
largest of which has a capacity of 4,500. Its facilities will be used to
host conferences, concerts and sporting events.
The facility is owned and run by Bestsport, a company which is part of PPF, the financial and investment group owned by billionaire Petr Kellner.
The largest Czech small-arms manufacturer CZ Group - Česká zbrojovka
could be preparing to enter the Prague stock exchange, the Czech news site
iHNed reported on Wedneday, referring to its own sources. The President of
the Group Holding, Lubomír Kovařík, told the site that the company is
indeed considering a public sale of shares, but that these thoughts are
only in their initial stage. He refused to offer any details on the size
and timing of the transaction.
According to iHNed, the company could use the capital raised by share sales to boost its investment in the United States, where it is currently building a new factory and preparing to compete in the local defence tenders.
Czech financial group PPF’s global consumer lender arm Home Credit has
filed for a listing on the Hong Kong stock exchange, the company announced
Home Credit has appointed Citigroup, HSBC Holdings, and Morgan Stanley to lead the initial public offering expected to exceed at least USD 1 billion.
Founded in 1997 by Czech billionaire Petr Kellner, Home Credit operates in 10 countries including the United States, Russia and India. It is among the biggest non-bank consumer lenders in China.
Biotech companies within the PPF Group, controlled by Czech billionaire Petr Kellner, are reporting advances in efforts to extend the lives of cancer patients. The companies Sotio and Cytune Pharma announced on Thursday that they had started the first trial dosing of cancer patients with SO-C101, a superagonist fusion protein of interleukin IL-15.
Ahead of the 30th anniversary of China’s crackdown on peaceful pro-democracy demonstrators in Tiananmen Square, Radio Prague spoke to Filip Jirouš, coordinator the China-watching think tank Sinopsis, about the politics behind some of the more controversial aspects of business dealings between the countries. A harsh critic of China’s sweeping Belt and Road Initiative, to which the Czech Republic has signed on, and the main Chinese investment vehicle here, CEFC, he further argues allowing Huawei to roll out the 5G network would be a disaster.