FOCUS SHORT

Telefónica Slovakia may change name

AFTER Telefónica Slovakia changed hands and became part of the PPF group in January 2014, it will change its name, too. Its new name will likely be O2 Slovakia. O2 is the brand under which the company provides its mobile services.

AFTER Telefónica Slovakia changed hands and became part of the PPF group in January 2014, it will change its name, too. Its new name will likely be O2 Slovakia. O2 is the brand under which the company provides its mobile services.

Shareholders of Telefónica Czech Republic company, which is the parent company of Telefónica Slovakia, are scheduled to decide at the general assembly on May 19 about the change of the company’s name to O2 Czech Republic, etrend.sk, the website of the Trend economic weekly, wrote.

Shareholders of Telefónica Czech Republic were expected to decide on the new name of the company in March, but the subject was withdrawn from the agenda.

Telefónica Slovakia entered the Slovak mobile market as the third mobile operator in 2006 as part of the Spanish group Telefónica. It launched its commercial operation on February 2, 2007. The Telefónica group agreed with PPF over the sale of Telefónica Czech Republic, including Slovakia’s subsidiary company, for €2.467 billion.

Based on the agreement, the company has to change its name but the operator can use the O2 brand for the next four years, the SITA newswirwe reported.

Total revenues of Telefónica Slovakia amounted to €207.8 million in 2013, up 8.1 percent year-on-year.

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