Telefonica O2 Czech Republic a s : Luis Malvido continues as the Chairman of the Board of Directors, will step down as Telefónica Czech Republic CEO

Based on his agreement with the majority shareholder of Telefónica Czech Republic, Luis Malvido will continue in his role as Telefónica Czech Republic CEO until the end of June 2014. He will serve as the Chairman of the Board of Directors until the end of 2014. The mutual agreement is in accordance with the gradual transition of the management after the change of the shareholder structure. After stepping down from his positions in the Czech Republic, Luis Malvido will return to Telefónica SA.

"Under Luis Malvido's leadership, O2 has strengthened its position as a market leader. The five years when Luis was CEO have seen a dramatic change of the Czech telecommunications market. It is to Luis' credit that the company has been successful during this period. I would like to thank him for his work as CEO and I am looking forward to our future cooperation," says Martin Štefunko, Chairman of the Supervisory Board of Telefónica Czech Republic.

Contacts
Hany Farghali
Tiskový mluvčí
Telefónica Czech Republic, a.s.
public.relations.cz@telefonica.com
tel: 800 163 342 (800 1 media)

O2 is the largest integrated telecommunications provider in the Czech market. At present we operate close to eight million mobile and fixed accesses, which ranks us among the market leaders in fully converged services in Europe. To users of mobile services in the Czech Republic we offer state-of-the-art HSPA+ and LTE technology. We have the most comprehensive proposition of voice and data services in the Czech Republic, and we actively exploit the growth potential of the various business lines, especially ICT. Our data centres, with total floor area of 7,300 square metres, rank us among the leaders in hosting, cloud and managed services. O2 data centres are the only ones in the Czech Republic and in Central Europe to have TIER III certification. With our O2 TV we are also the largest IPTV service provider in the Czech Republic. In January 2014, O2 became a member of the Czech investment group PPF.

PPF Group invests into multiple market segments such as banking and financial services, insurance, real estate, energy, metal mining, agriculture, retail and biotechnology. PPF's reach spans from Central and Eastern Europe to Russia and across Asia. PPF Group owns assets of EUR 22.113 billion (as at 30 June 2013).