2.84x EBITDA

So Telefonica got Czech Telecom for 2.84 times 2004 EBITDA? Interesting.

Considering that Telecom’s ADSL is starting to turn into a nice little cash cow – not to mention Eurotel – this deal should make some folks in Madrid quite a lot of money.

What’s maybe a little more telling is that they were apparently the high bidder.

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