Telefónica O2 protests execution law at Constitutional Court
14.4.2008
Telefónica O2, one of the most prominent companies on the Czech market, filed a constitutional complaint to cancel a section of execution law. The reason lies primarily in the fact that the value of the property blocked during execution is a wholly unreasonable amount.
The execution law concerns the disposal of a property's entire debt except its administration and normal commercial activities. This restriction is valid throughout the full duration of the execution, even after the executor has selected and holds a specific part of the property liable. This has become the subject of the constitutional complaint, which, in its extent, extends to the interests of Telefónica O2 itself.
The complaint is one of the steps attendant in a legal dispute with T-Mobile, which abused imperfections in the law and prematurely began an execution against Telefónica O2, in defiance of the fact that a decision had not been reached in the original legal dispute. In spite of the fact that Telefónica O2 regards the execution as illegal, the company has decided to take steps to ending it.
"The dispute itself is not closed and will continue. The company wants to be flexible in the execution of all business transactions. Therefore, we have decided to cover the disputed amount and thus put an end to the premature execution that T-Mobile has been carrying out in an effort to damage our company,"states Jakub Chytil, member of the Board of Directors of Telefónica O2, adding, "The disputed amount is CZK two billion, but the blocked property of the company far exceeds this amount and it is clear that such a restriction is completely inadequate."
The above-mentioned commercial transactions include, for instance, advice on the sale of properties that Telefónica O2 wants to carry out in the near future.
Contact for further information:
MARTIN ŽABKA
Press Spokesman
tel: +420 800 163 342 (800 1 MEDIA)
e-mail: public.relations.cz@o2.com
http://www.cz.o2.com
About Telefónica O2 Czech Republic
Telefónica O2 Czech Republic, a.s., is the first integrated operator in the Czech Republic, formed on 1 July 2006 by the merger of the leading fixed line operator, ČESKÝ TELECOM, a.s., and the strongest mobile operator, Eurotel Praha, spol. s r.o., into a single telecommunications organization. The organization is now operating more than seven million lines, both fixed and mobile, making it one of the world’s leading providers of fully converged services.
Telefónica O2 Czech Republic offers the most comprehensive portfolio of voice and data services in this country. Special attention is paid to the exploitation of the growth potential, particularly in the data and Internet sector. Telefónica O2 Czech Republic operates the largest fixed and mobile network including a 3rd generation network, CDMA (for data) and UMTS, enabling voice, data and video transmission. Telefónica O2 Czech Republic also runs the largest network of WiFi hotspots in the country.
About Telefónica O2 Europe
Telefónica O2 Europe comprises mobile network operators in the UK, Ireland and Slovakia, along with integrated fixed/mobile enterprises in Germany and the Czech Republic - all of which use ‘O2’ as their consumer brand. Telefónica O2 Europe also owns 50% of the Tesco Mobile and Tchibo Mobilfunk joint venture businesses in the UK and Germany respectively, and has 100% ownership of Be, the UK´s leading fixed broadband provider. Additionally, the group includes the Isle of Man fixed/mobile operator, Manx Telecom.
Telefónica O2 Europe, part of the Telefónica group, is headquartered in Slough, UK, and has more than 40 million mobile and fixed customers.
About Telefónica
Telefónica is one of the world’s largest telecommunications operators by market capitalisation. Its activities are centred mainly on the fixed and mobile telephony businesses, while its broadband business is the key growth driver underpinning both.
It operates in 24 countries and its customer base exceeds 228 million globally. Telefónica’s growth strategy is focused on the markets in which it has a strong foothold: Spain, Europe and Latin America.
