PPF aiming to establish 4th mobile operator in Czechia

November 2013

PPF agrees with Telefónica Spain to acquire 66% in Telefónica O2 Czech Republic (incl. fully owned subsidiary in Slovakia)

January 2014

O2 Czech Republic and O2 Slovakia acquisition completed

June 2015

Structural separation of O2 Czech Republic; CETIN incorporated

July 2016

CETIN obtains Baa2 rating from Moody's

October 2016

CETIN obtains BBB rating from FitchRatings

November 2016

CETIN issues EUR 910m Eurobonds


Agreements signed between Telenor Group and PPF on acquisition of Telenor CEE Group

July 2018

Telenor CCE Group acquisition completed

March 2019

PPF Arena 1 obtains crossover rating (Ba1/BB+/BBB-) from all three major rating agencies and issues EUR 550m 2026 Eurobonds

November  2019

PPF Arena 1 issues EUR 500m 2025 Eurobonds,
later tapped by additional EUR 100m

February 2020

PPF Arena 1 changes its name to PPF Telecom Group

May 2020

PPF Telecom Group issues EUR 500m 2024 Eurobonds,
later tapped by additional EUR 100m

July 2020

Structural separation of Telenor CEE retail operators and CETIN wholesale network owners in Bulgaria, Hungary and Serbia, forming CETIN Group

September 2020

PPF Telecom Group issues EUR 500m 2027 Eurobonds

September 2021

New financing obtained at CETIN Group level.
CETIN Group obtains investment grade rating from FitchRatings and Moody's (BBB/Baa2) 

October 2021

PPF Telecom Group agrees to sell 30% stake in CETIN Group to GIC, Singapore

December 2021

Telenor Montenegro sold to 4iG, Hungary