Air Telecom, a subsidiary of F & N Marketing Group, has reportedly taken control of Czech mobile operator Mobilkom (U:fon), online journal tyden.cz reports. It is understood the new owner paid CZK21 million (USD672,200) for U:fon which was previously in insolvency proceedings and had debts of CZK2 billion. However, as a condition of the purchase U:fon’s liabilities have been wiped out and the insolvency administration ended, allowing Air Telecom to forge ahead with plans to resuscitate the CDMA operator
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OVETEL Air Telecom acquires Czech CDMA operator MobilKom (U:fon)
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