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Investor Presentaiton

From Telefónica to PPF... PPF acquires majority stake from Telefónica ... Separation created value Separation by spin-off June 2015 02 Fixed & mobile transport/access network and infrastructure 25 Jan 2014 ►CETIN ČESKÁ TELEKOMUNIKAČNÍ INFRASTRUKTURA Focus & Flexibility Less regulation Light financial profile (assets, capex) 02
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