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CETIN

From Wikipedia - Reading time: 4 min
This article is about the Czech telecommunications company. For the Kazakh cost estimation method, see CETIN (software engineering).
CETIN a.s.
Company typePublic
ISINCZ0009000089
IndustryTelecommunications
Founded2015 (PPF)
HeadquartersPrague, Czech Republic
ProductsVoice, Internet access, Mobile communications services & related goods, ICT
RevenueCZK 19.4 billion (2019)
CZK 8.6 billion (2019)
CZK 2.8 billion (2019)
Total assets62,062,000,000 Czech koruna (2019) Edit this on Wikidata
OwnerPPF
Number of employees
1,890 (2018)
SubsidiariesCETIN služby
Websitewww.cetin.cz

CETIN a.s., (also known as Česká telekomunikační infrastruktura, its former name[1]) is a Czech telecommunications company that is part of PPF Group, an international investment group formerly majority-owned by Czech billionaire Petr Kellner. The company was created as a result of the separation of O2 Czech Republic a.s. into two companies, following a decision taken at O2 Czech Republic’s general meeting on 28 April 2015. The actual separation took place on 1 June 2015.[2] CETIN, the new company created alongside O2, now runs the fixed-line access network, the mobile access network and international telecommunication services that were previously run by the combined O2 Czech Republic.[3]

The CETIN network takes in 65,000 km of optical cables and 20,000,000 km of metallic cable pairs throughout the Czech Republic. It covers 99.6% of the population with a mixture of GSM, UMTS, LTE and 5G mobile technology by 6,000 base stations, and SDH, WDM, Ethernet and IP technology at fixed locations.[4] On an international level, CETIN owns PoP (Points of Presence) in London, Vienna, Bratislava, Frankfurt and Hongkong.[5]

CETIN is continuously accelerating existing metallic networks through bonding and vectoring technologies. In addition, the company is also engaged in the construction of new fiber-optic connections to the fiber-optic network. The goal is to reach one million connections at 1 Gbps by 2026.[6]

PPF Group decided to squeeze out CETIN’s remaining minority shareholders at CETIN’s general meeting on 3 December 2015.[7] The shares owned by these minority shareholders therefore passed to the majority shareholder. As a result, in January 2016, PPF Group completed the acquisition of 100% of the share capital of CETIN.[8][9]

CETIN became the general partner of the Prague Spring (Pražské jaro) music festival in 2016. The company introduced a new feature to the 71st year of the festival in cooperation with Prague Spring – streaming the opening concert online to locations at Kampa Park in Prague and also to eight cinemas in the Czech Republic and Slovakia.[10][11]

In July 2020, the infrastructure and retail parts of the three Telenor-branded operators in Bulgaria, Hungary, and Serbia were separated and to form the CETIN Group, a wholesale operator and provider of active and passive telecommunications infrastructure services in the Central and Eastern Europe.[12]

In November 2020, CETIN signed a five-year cooperation contract to build a 5G mobile network with the Swedish company Ericsson, which will upgrade more than 4,000 base stations across CETIN's mobile network through Ericsson Radio System for 5G Standalone (SA) and 5G Non-Standalone (NSA).[13]

In October 2021, Czech investment group PPF agreed to sell a 30% stake in telecommunications infrastructure group CETIN to Singapore GIC investment fund.[14]

References

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  1. ^ "Company name and address change announcement". Archived from the original on 2020-09-25.
  2. ^ "O2 Czech Republic separates into O2 and CETIN - ICT market in CEE & CIS - PMR". ceeitandtelecom.com.
  3. ^ "PPF prosadila rozdělení O2 na dvě firmy. Drobní akcionáři protestovali marně". ČT24 (in Czech). Česká televize. Retrieved 2022-03-16.
  4. ^ "O společnosti - Česká telekomunikační infrastruktura a.s." 2017-11-15. Archived from the original on 15 November 2017. Retrieved 2022-03-16.
  5. ^ "About CETIN - Česká telekomunikační infrastruktura a.s." CETIN. Archived from the original on 2017-11-15. Retrieved 2016-06-07.
  6. ^ "CETIN connects a million households in Czechia to network". Developingtelecoms. 2021-05-25. Retrieved 2023-07-26.
  7. ^ "PPF vytěsnila minoritní akcionáře CETIN. Valná hromada trvala sedm hodin". Novinky.cz. Retrieved 2022-03-16.
  8. ^ "Outcome of CETIN General Meeting to resolve the squeeze-out of minority sha". ppf.eu.
  9. ^ "Pražské jaro zaplatí i Kellner. Jeho Cetin je novým generálním partnerem festivalu". Hospodářské noviny (HN.cz) (in Czech). Czech News Agency. 2015-11-11. Retrieved 2022-03-16.
  10. ^ "Pražské jaro - 12/5 - 4/6/2016". festival.cz.
  11. ^ "CETIN Becomes the General Partner of the Prague Spring Festival". CETIN.
  12. ^ "PPF splits CEE networks from retail operations". Mobileworldlive. 2020-07-03. Retrieved 2023-07-26.
  13. ^ "UPDATE 1-Czech telecoms group CETIN chooses Ericsson for 5G network". Reuters. 2020-10-19. Retrieved 2021-03-08.
  14. ^ "PPF sells 30% stake in Cetin to Singapore's GIC". Reuters. 2021-10-18. Retrieved 2023-07-26.
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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/CETIN
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