Fitch affirms Cetin at BBB

Fitch Ratings said it affirmed Ceska telekomunikacni infrastruktura a.s.' (Cetin) long-term issuer default rating at BBB. The outlook is stable.

Fitch said the rating reflects the company's ownership of key mobile and fixed-network infrastructure in the Czech Republic and a wholesale-based business model that benefits from long-term contracts with significant levels of minimum revenue guarantees from its customers.

This provides greater cash-flow visibility and reduces the company's operating risk profile compared to other fully integrated telecoms operators, the agency explained.

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