Cesky Telecom CEO:Merger With Eurotel To Complete July

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PRAGUE (Dow Jones) Cesky Telecom will complete the merger with its mobile unit Eurotel In July Cesky Chief Executive Jaime Smith said Thursday.

The new commercial entity will be called Telefonica O2 Czech Republic and operate under the brand of O2, Smith said.

The announcement comes after Cesky posted a 24% year-on-year increase in first-quarter net profit earlier Thursday.

-By Sean Carney, Dow Jones Newswires; +420 221 085 272; sean.carney@dowjones.com

(END) Dow Jones Newswires"

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