{"id":35152,"date":"2026-03-25T11:54:09","date_gmt":"2026-03-25T11:54:09","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/35152\/"},"modified":"2026-03-25T11:54:09","modified_gmt":"2026-03-25T11:54:09","slug":"telekomunikacni-trio-ma-zajem-o-internetovy-byznys-cez","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/35152\/","title":{"rendered":"Telekomunika\u010dn\u00ed trio m\u00e1 z\u00e1jem o\u00a0internetov\u00fd byznys \u010cEZ"},"content":{"rendered":"

Prodej telekomunika\u010dn\u00edho byznysu energetick\u00e9 skupiny \u010cEZ<\/a> p\u0159il\u00e1kal nejv\u011bt\u0161\u00ed hr\u00e1\u010de na tuzemsk\u00e9m trhu. Mezi z\u00e1jemci jsou podle \u010dty\u0159 na sob\u011b nez\u00e1visl\u00fdch zdroj\u016f ze st\u0159edoevropsk\u00e9ho trhu f\u00faz\u00ed a\u00a0akvizic infrastrukturn\u00ed spole\u010dnost Cetin<\/a> a\u00a0telekomunika\u010dn\u00ed firmy T-Mobile<\/a> a\u00a0Vodafone<\/a>.<\/p>\n

\u201eV tuto chv\u00edli se nem\u016f\u017eeme vyjad\u0159ovat ke konkr\u00e9tn\u00edm jm\u00e9n\u016fm. Uchaze\u010di jsou v\u0161ak adekv\u00e1tn\u00ed sektoru a\u00a0velikosti, o\u00a0kterou se jedn\u00e1,\u201c uv\u00e1d\u00ed k\u00a0dotazu ohledn\u011b z\u00e1jmu zm\u00edn\u011bn\u00e9ho tria Martin Schreier, mluv\u010d\u00ed skupiny \u010cEZ. Prodej podle n\u011bj st\u00e1le b\u011b\u017e\u00ed, ov\u0161em u\u017e\u0161\u00ed v\u00fdb\u011br nejv\u00e1\u017en\u011bj\u0161\u00edch z\u00e1jemc\u016f, takzvan\u00fd shortlist, je\u0161t\u011b nebyl sestaven.<\/p>\n

Z\u00e1jem strat\u00e9g\u016f<\/p>\n

\u201eV r\u00e1mci na\u0161\u00ed dlouhodob\u00e9 strategie se zcela p\u0159irozen\u011b pr\u016fb\u011b\u017en\u011b rozhl\u00ed\u017e\u00edme po trhu a\u00a0analyzujeme p\u0159\u00edle\u017eitosti, kter\u00e9 by mohly pos\u00edlit na\u0161i pozici, podpo\u0159it n\u00e1\u0161 udr\u017eiteln\u00fd r\u016fst a\u00a0p\u0159in\u00e9st synergick\u00e9 efekty v\u00a0oblasti inovac\u00ed a\u00a0r\u016fstu,\u201c \u0159\u00edk\u00e1 Pavel Hadrbolec, finan\u010dn\u00ed \u0159editel T-Mobile Czech Republic a\u00a0Slovak Telekom. Tuzemsk\u00e1 spole\u010dnost T-Mobile pat\u0159\u00ed do skupiny n\u011bmeck\u00e9ho telekomunika\u010dn\u00edho kolosu Deutsche Telekom<\/a>.<\/p>\n

M\u00e9n\u011b sd\u00edln\u00e9 byly zbyl\u00e9 dv\u011b firmy. \u201eSpekulace z\u00a0trhu nekomentujeme,\u201c reaguje mluv\u010d\u00ed Cetinu Ctibor Jappel. Dotazy ohledn\u011b z\u00e1jmu o\u00a0telekomunika\u010dn\u00ed byznys \u010cEZ nekomentoval ani mobiln\u00ed oper\u00e1tor Vodafone.<\/p>\n

Spole\u010dnost Cetin, kter\u00e1 pat\u0159\u00ed do tuzemsk\u00e9 investi\u010dn\u00ed skupiny PPF<\/a>, provozuje a\u00a0vlastn\u00ed nejv\u011bt\u0161\u00ed telekomunika\u010dn\u00ed s\u00ed\u0165 v\u00a0\u010cesku. Pr\u00e1v\u011b Cetinu se p\u0159ed ostr\u00fdm rozjezdem prodeje na trhu v\u011b\u0159ilo nejv\u00edce, ale konkurence dvou velk\u00fdch telekomunika\u010dn\u00edch hr\u00e1\u010d\u016f m\u016f\u017ee b\u00fdt ostr\u00e1.<\/p>\n

\u010cEZ prod\u00e1v\u00e1 kmen retailov\u00fdch z\u00e1kazn\u00edk\u016f ve spole\u010dnosti \u010ceznet a\u00a0spole\u010dnost Telco Infrastructure, kter\u00e1 provozuje infrastrukturu takzvan\u00e9 posledn\u00ed m\u00edle. P\u0159ipojuje tak dom\u00e1cnosti k\u00a0p\u00e1te\u0159n\u00ed optick\u00e9 s\u00edti skupiny \u010cEZ, kter\u00e1 se v\u0161ak neprod\u00e1v\u00e1. Na prodej nen\u00ed ani virtu\u00e1ln\u00ed mobiln\u00ed oper\u00e1tor skupiny \u010cEZ.<\/p>\n

<\/a><\/p>\n

\u201eProspekt se dostal k\u00a0vy\u0161\u0161\u00edm des\u00edtk\u00e1m investor\u016f,\u201c \u0159\u00edk\u00e1 k\u00a0prodeji Schreier. Prospekt p\u0159edstavuje prezentaci o\u00a0prod\u00e1van\u00fdch aktivech pro investory. V\u00e1\u017en\u011bj\u0161\u00ed z\u00e1jem ale podle dob\u0159e informovan\u00e9ho zdroje projevilo p\u0159es deset uchaze\u010d\u016f.<\/p>\n

Nejv\u011bt\u0161\u00ed smysl p\u0159itom podle jednoho ze zm\u00edn\u011bn\u00fdch zdroj\u016f z\u00a0oblasti f\u00faz\u00ed a\u00a0akvizic m\u00e1 zm\u00edn\u011bn\u00fd byznys \u010cEZ pro telekomunika\u010dn\u00ed spole\u010dnosti, co\u017e jsou strategi\u010dt\u00ed investo\u0159i. \u201eMus\u00ed se toti\u017e ocenit hodnota nezobchodovan\u00fdch p\u0159\u00edpojek. P\u0159ipojen\u00fdch m\u00edst m\u00e1 toti\u017e \u010cEZ v\u00edc ne\u017e z\u00e1kazn\u00edk\u016f,\u201c dod\u00e1v\u00e1. Pr\u00e1v\u011b tento druh investor\u016f m\u016f\u017ee nejl\u00e9pe vyu\u017e\u00edt synergi\u00ed na trhu.<\/p>\n

Z\u00e1jem o\u00a0telekomunika\u010dn\u00ed byznys \u010cEZ m\u00e1 podle serveru Mergermarket, jak upozornil den\u00edk E15, i\u00a0ostravsk\u00fd poskytovatel internetu Poda. Ten by se v\u0161ak kv\u016fli t\u00e9to transakci musel spojit s\u00a0investorem, kter\u00e9ho pro n\u011bj nyn\u00ed hled\u00e1 \u010cesk\u00e1 spo\u0159itelna.<\/p>\n

Telekomunika\u010dn\u00ed platforma \u010cEZ m\u00e1 podle prezentace pro investory (kterou redakce SZ Byznys m\u011bla mo\u017enost prostudovat) celkem 124\u00a0tis\u00edc z\u00e1kazn\u00edk\u016f. Konsolidovan\u00e9 p\u0159\u00edjmy byly v\u00a0roce 2024\u00a0ve v\u00fd\u0161i 636\u00a0milion\u016f korun a\u00a0ukazatel zisku EBITDA (zisk p\u0159ed \u00faroky, dan\u011bmi a\u00a0odpisy) byl 125\u00a0milion\u016f korun. Oproti p\u0159edchoz\u00edmu roku jde o\u00a0v\u00fdrazn\u00e9 zlep\u0161en\u00ed, proto\u017ee tehdy byly tr\u017eby 416\u00a0milion\u016f korun a\u00a0EBITDA dos\u00e1hla 65\u00a0milion\u016f. \u010cist\u00e1 aktiva firmy byla p\u0159edloni 1,5\u00a0miliardy korun.<\/p>\n

Po expanzi p\u0159ich\u00e1z\u00ed prodej<\/p>\n

Spole\u010dnost je mezi \u010dty\u0159kou nejv\u011bt\u0161\u00edch subjekt\u016f poskytuj\u00edc\u00edch optick\u00e9 s\u00edt\u011b a\u00a0p\u011btkou mezi poskytovateli internetu. V\u00a0minul\u00fdch letech v\u00a0telekomunikac\u00edch<\/a> v\u00fdrazn\u011b expandovala. Konkr\u00e9tn\u011b p\u0159edloni p\u0159evzala skupina \u010cEZ za ni\u017e\u0161\u00ed stovky milion\u016f korun pardubickou telekomunika\u010dn\u00ed spole\u010dnost Edera Group, kter\u00e1 poskytuje internetov\u00e9 a\u00a0televizn\u00ed slu\u017eby prost\u0159ednictv\u00edm bezdr\u00e1tov\u00e9ho p\u0159ipojen\u00ed a\u00a0optick\u00fdch vl\u00e1ken t\u0159iceti tis\u00edc\u016fm dom\u00e1cnost\u00ed a\u00a0zhruba p\u011bti tis\u00edc\u016fm firem.<\/p>\n

Nyn\u00ed chce ale skupina \u010cEZ svou telekomunika\u010dn\u00ed \u010d\u00e1st prodat. \u201eNa\u0161e aktiva v\u00a0oblasti telekomunikac\u00ed jsme v\u00a0posledn\u00edch n\u011bkolika letech systematicky dopl\u0148ovali a\u00a0jejich konsolidac\u00ed a\u00a0synergiemi postavili efektivn\u011b funguj\u00edc\u00edho st\u0159edn\u011b velk\u00e9ho hr\u00e1\u010de na trhu. Hodnota tohoto subjektu je pochopiteln\u011b vy\u0161\u0161\u00ed, ne\u017e by byla cena za jednotliv\u00e9 \u010d\u00e1sti, ze kter\u00fdch jsme tuto skupinu vytvo\u0159ili,\u201c dopl\u0148uje Schreier.<\/p>\n

<\/a><\/p>\n

Za zm\u011bnou strategie je podle expert\u016f zam\u011b\u0159en\u00ed firmy na kl\u00ed\u010dov\u00fd byznys, \u010d\u00edm\u017e je logicky energetika. \u010cEZ m\u016f\u017ee pot\u0159ebovat\u00a0pen\u00edze nap\u0159\u00edklad i\u00a0na to, aby vykoupil sv\u00e9 vlastn\u00ed akcie, proto\u017ee vl\u00e1da premi\u00e9ra Andreje Babi\u0161e chce energetickou firmu zest\u00e1tnit \u010di p\u0159inejmen\u0161\u00edm ovl\u00e1dnout v\u00fdrobu elekt\u0159iny.<\/p>\n

Prodej telekomunika\u010dn\u00edho byznysu ale nen\u00ed je\u0161t\u011b definitivn\u00ed. \u201eNemus\u00edme prod\u00e1vat, pokud se na\u0161e p\u0159edstavy o\u00a0ocen\u011bn\u00ed nepotkaj\u00ed s\u00a0cenovou nab\u00eddkou,\u201c \u0159\u00edk\u00e1 Schreier.<\/p>\n

Cena by ov\u0161em mohla b\u00fdt ve v\u00fdsledku zaj\u00edmav\u00e1, proto\u017ee podle expert\u016f je nyn\u00ed ve st\u0159edn\u00ed a\u00a0v\u00fdchodn\u00ed Evrop\u011b vysok\u00fd z\u00e1jem o\u00a0telekomunika\u010dn\u00ed aktiva. Ji\u017e d\u0159\u00edve odhadl partner poradensk\u00e9 spole\u010dnosti Moore Czech Republic Petr Kymli\u010dka cenu na st\u0159edn\u00ed jednotky miliard korun.<\/p>\n","protected":false},"excerpt":{"rendered":"Prodej telekomunika\u010dn\u00edho byznysu energetick\u00e9 skupiny \u010cEZ p\u0159il\u00e1kal nejv\u011bt\u0161\u00ed hr\u00e1\u010de na tuzemsk\u00e9m trhu. Mezi z\u00e1jemci jsou podle \u010dty\u0159 na…\n","protected":false},"author":2,"featured_media":7863,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[67,68,156,149,4521,150,14703,622,6648,4522,6649],"class_list":{"0":"post-35152","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-business","9":"tag-byznys","10":"tag-ceska-elita","11":"tag-ceske-energeticke-zavody-cez","12":"tag-cetin","13":"tag-energetika","14":"tag-opticke-site","15":"tag-ppf-group","16":"tag-t-mobile","17":"tag-telekomunikace","18":"tag-vodafone"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116289684499042687","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/35152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=35152"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/35152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/7863"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=35152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=35152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=35152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}