S&P: EuroTel Bratislava positive

Standard & Poor's said it placed its BB long-term corporate credit rating on EuroTel Bratislava as on CreditWatch positive following the announcement by Slovak Telecom as that it has agreed terms to purchase the remaining 49% in EuroTel that it does not already own from Atlantic West BV consortium, controlled equally by U.S.-based Verizon Communications Inc. (A+/negative/--) and AT&T Wireless Services Inc. (BBB/Watch Positive/A-2).

"Standard & Poor's believes that EuroTel's credit quality would most likely be bolstered by the acquisition by Slovak Telecom - reflecting both business and financial factors," said S&P credit analyst Michael O'Brien.

S&P said the streamlined ownership of EuroTel might improve the group's strategic decision-making process, positively benefiting the operations and market position of EuroTel.

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