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                                                                     EXHIBIT 4.3




                                                          Prague on 17 June 2002
                                                          Ref. No. 5379/2002-610

The Czech Telecommunications Office (hereinafter the "Office") as a competent
authority of the state administration hereby issues, pursuant to section 102
(1), section 95 (3) (a) and section 14 (1) (a) onwards of Act No. 151/2000
regulating telecommunications and amending other acts, as amended by Act No.
274/2001 Coll. (hereinafter the "Act") and based on the data provided in the
letter of 27 April 2001 2001 and completed on 29 June 2001, 11 January 2002 and
19 March 2002 the following Decision on granting



                            TELECOMMUNICATION LICENCE

        TO ESTABLISH AND OPERATE PUBLIC MOBILE TELECOMMUNICATION NETWORK
                             UNDER THE GSM STANDARD


to the company                       CESKY MOBIL A.S.
with the registered office at        VINOHRADSKA 167, PRAGUE 10, POSTCODE 100 00
business identification number       25 78 80 01

(hereinafter referred to as the "Telecommunication Licence Holder")

within the following extent and under the following conditions:


A.    Type and scope of public telecommunication network

1.    The Telecommunication Licence Holder is entitled to establish and operate
      public mobile telecommunication network under the GSM standard
      (hereinafter the "Telecommunication Network") through which mobile
      telecommunication services will be provided on the whole territory of the
      Czech Republic.

2.    The telecommunication network under clause 1 consists of base transmission
      stations of the telecommunication network in the frequency bands 900 and
      1800 MHz, fixed connections operated by the Telecommunication Licence
      Holder or


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      leased from authorised operators and other telecommunication equipment
      necessary for the telecommunication network operation.

3.    The telecommunication network is interconnected with telecommunication
      networks of other operators, in compliance with valid legal regulations,
      in technically capable places of the telecommunication network agreed upon
      with the authorized operators of the telecommunication networks.

4.    The Telecommunication Licence Holder is entitled to conclude agreements
      with foreign entities to interconnect telecommunication network operated
      by the Telecommunication Licence Holder with telecommunication networks of
      other authorized operators to provide international telecommunication
      services from other countries to the Czech Republic and from the Czech
      Republic to other countries.


B. Frequency bands allocated to telecommunication network

5.    The following frequency bands have been allocated to the Telecommunication
      Licence Holder necessary for the telecommunication activity (the first and
      the last allocated frequency of each section is specified):

      a)    890,2 /935,2 -- 894,0/939,0 MHz (channels No. 1 -- 20)
      b)    1763,0 / 1858,0 -- 1776,8 /1871,8 MHz (channels No. 776 -- 845)
      c)    1777,0 / 1872,5 -- 1778,8 /1873,8 MHz (channels No. 846 -- 865)


6.    The Licence Holder is authorized to ask for additional GSM frequencies
      provided that the frequencies under item 5 have been used up and that
      additional frequencies are necessary for the telecommunication activity
      and that the requested frequencies were released and determined for that
      particular purpose and will be used by the licence Holder no later than
      within six months after they are allocated.

7.    General conditions of using the allocated frequencies by BTSs are
      specified in the permit to operate transmission radio equipment issued by
      the Office based on an application pursuant to section 57 of the
      Telecommunications Act. Conditions of using the allocated frequencies by
      mobile stations are specified in respective general licence.

8.    The Telecommunication Licence Holder is entitled to make decisions, at its
      discretion, on using the frequencies by BTSs within the scope of allocated
      frequency bands laid down in clause 5 above and under the general
      conditions of the allocated frequencies using under clause 7 above. The
      Telecommunication Licence Holder is obliged to co-ordinate the using of
      allocated frequencies with other GSM telecommunication network operators
      whose frequencies are adjacent to the frequencies allocated to the
      Telecommunication Licence Holder, or with other operators if the
      coordination is necessary. The Office shall provide the


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      Telecommunication Licence Holder at his request with the data necessary
      for the co-ordination of the allocated frequencies.

9.    At the Licence Holder's request, the Office shall carry out international
      coordination as well as national inter-branch co-ordination of the
      frequencies being used according to international and national agreements
      in effect. Pursuant to international and national agreements the Office
      may delegate the Telecommunication Licence Holder to carry out the
      co-ordination.

10.   After a prior consent given by the Office, the Telecommunication Licence
      Holder is entitled to exchange, from case to case, the allocated GSM
      frequencies with frequencies allocated to another GSM telecommunication
      network operators provided that such an exchange is necessary due to
      compatibility with networks of other GSM telecommunication networks
      operators, is limited to particular places, is justified with technical
      requirements and is not misused for restriction of competition when
      providing the telecommunication services. Both operators of GSM
      telecommunication networks interested in the exchange of the frequencies
      shall submit an application to the Office.

11.   As of 31 January and as of 31 July of each year, the Telecommunication
      Licence Holder is obliged to submit the Office a summary of all base
      stations operated at the end of the previous half-year and technical
      parameters of these base stations.

12.   In co-operation with operators of other GSM telecommunication networks
      the Telecommunication Licence Holder shall also solve cases of mutual
      interference between telecommunication networks operated by these
      operators. Should the GSM telecommunication network operators not agree on
      the method of the interference elimination, the dispute shall be settled
      by the Office.

13.   Fixed connections, which are part of the Licence Holder's
      telecommunication network fixed infrastructure and have been established
      through transmission radio equipment, will be operated under a permit to
      operate transmission radio equipment issued by the Office based on an
      application filed by the Telecommunication Licence Holder, unless the
      general licence to operate such equipment has been issued.


C.    TECHNICAL CONDITIONS REQUIRED TO ENSURE INTEGRITY OF THE PUBLIC
      TELECOMMUNICATION NETWORK

14.   The Telecommunication Licence Holder is obliged:

      a)   when establishing and operating the telecommunication network under
           clause 1 above, to adhere to respective legal regulations, measures
           taken and issued by the Office, numbering and network plans and the
           Czech National Standards (CNS), even those issued after the Decision
           on the Telecommunication Licence granting comes into force;


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      b)   to perform telecommunication activities under clause 1 above in
           compliance with technical parameters corresponding to international
           recommendations and ETSI standards;

      c)   to enable other authorized operators of the telecommunication
           networks and providers of the telecommunication services direct and
           indirect interconnection with the telecommunication network operated
           by the Telecommunication Licence Holder in compliance with the law.

15.   The Telecommunication Licence Holder is obliged to ensure 98.1% population
      coverage. The population coverage is a portion of residents in the region
      where the services are ensured through the telecommunication network to
      the whole population of the Czech Republic expressed in per cents. The
      coverage is ensured when the following criteria are fulfilled:

      a)   the region where GSM 1800 spectrum is used shall be deemed to be
           covered if at least 95% measurements carried out in the whole
           territory of the Czech Republic in the level of 1.5 metres above
           ground shows that the efficient level of the received signal is more
           than -92 dBm in 95% places;

      b)   the regions where GSM 900 spectrum is used shall be deemed to be
           covered if at least 95% measurements carried out in the whole
           territory of the Czech Republic in the level of 1.5 metres above
           ground shows that the efficient level of the received signal is more
           than -97 dBm in 95% places;

      c)   in the same channel for the useful intensity of the field under
           clauses a) and b), the protection ratio C/Ic = 9 dB must be kept in
           95% places on the border of the region, required probability is 95%



D.    OTHER RIGHTS AND DUTIES

16.   The Telecommunication Licence Holder, as a provider of the public
      telecommunication network under clause 1 hereof, is entitled to be awarded
      the Recognized Operation Agency statute pursuant to section 1008 of the
      Constitution of the International Telecommunication Union.

17.   When ensuring the national security in connection with performing the
      telecommunication activities within the territory on which state of
      emergency was declared, the Telecommunication Licence Holder is obliged:

      a)   to fulfil duties arising from legal regulations adopted to ensure
           protection and security of the state and from emergency economic
           measures;

      b)   when preparing for the state of emergency and while solving the
           emergency to provide the Office, at its request, with information on
           measures taken, including proposed measures necessary for taking
           decisions by the Office;


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      c)   to establish and operate the public mobile telecommunication network
           so that it enables, if this is possible from the technical point of
           view, priority telecommunication services to the bodies of state
           administration and self-administration, armed forces, armed security
           corps as well as legal entities and individuals that fulfil tasks in
           the area of state defence and security and that are set forth in a
           special regulation.

18.   The Telecommunication Licence Holder is obliged to provide for
      transmission of emergency calls according to the measures of the Office
      published in the Telecommunication Bulletin.

19.   The Telecommunication Licence Holder is obliged to ensure necessary
      co-operation, including measuring device and staff, and to detach testing
      number of the network for the Office checking purposes.


E.    DATE OF THE TELECOMMUNICATION NETWORK OPERATION COMMENCEMENT

20.   The date of the telecommunication network operation commencement under
      this Telecommunication Licence is the date when the Decision comes into
      force.


F.    TELECOMMUNICATION LICENCE VALIDITY

21.   The Telecommunication Licence is granted for the period of 18 years
      following the date when the Decision on the Telecommunication Licence
      granting comes into force. Prior to the Telecommunication Licence term
      expiration, the Telecommunication Licence Holder may ask for the Licence
      term prolongation.


G.    Final Provisions

22.   The Authorisation No. 110 823/99-611 of 7 October 1999 (hereinafter the
      "Authorisation") expires on the date when this Telecommunication Licence
      to establish and operate public mobile telecommunication network under GSM
      standard comes into force or on the date when the Telecommunication
      Licence to provide public telephone service through the public mobile
      telecommunication network No. 8951/2002-610 comes into force, whichever
      expires later. If an appeal against the Licence No. 8951/2002-610 is
      lodged, the licence to establish and operate public mobile
      telecommunication network under GSM standard is stayed by the time when
      the Licence No. 8951/2002-610 comes into force.



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SUBSTANTIATION

Cesky Mobil a.s. is a holder of the Authorisation. Based on the data notified by
a letter of 27 April 2001 in accordance with section 107 (4) of the Act, the
Administrative Procedure concerning the issuance of this Decision on granting
the Telecommunication Licence to establish and operate public telecommunication
network was opened on 30 April 2001. The data were completed on 29 June 2001. By
a separately filed application dated 11 January 2002, the Company asked for
allocation of another 9 channels in the 900 MHz band to increase qualitative and
capacity parameters of its network and to ensure its further development. In the
position on the file of 19 March 2002 the Company specified the number of
required channels in the 900 MHz band to 5 and asked for allocation of further
20 channels in the 1800 MHz band.

Cesky Mobil a.s. submitted an excerpt from the Commercial Register, clean
criminal records of members of the Board of Directors, documents proving
financial capability to carry on the permitted telecommunication activity,
documents on technical, organizational and personnel ensurance of the requested
activity and general terms of the public telephone service provision.

Cesky Mobil a.s. has fulfilled the conditions of the Telecommunication Licence
granting set forth in the Act.

Pursuant to section 25 (1) (h) of the Act, clause 15 of the Telecommunication
Licence includes the requirements for the telecommunication activity specified
within the tender for the Authorisation granting.

The Telecommunication Licence is granted for the period of 18 years following
the date when the Decision on the Telecommunication Licence granting comes into
force, which means for the remaining term of the Authorisation. Before the
Telecommunication Licence term expires, the Telecommunication Licence Holder may
ask for the Telecommunication Licence term prolongation, similarly as it was
stipulated in the Authorisation.

The administrative fee for the Telecommunication Licence granting was not
collected from the Applicant under Act No. 368/1992 Coll. on Administrative
Fees, part XI, item 158 since Cesky Mobil a.s. has carried on the said
activities according to the Authorisation issued under an act valid before the
Act No. 151/2000 Coll. on telecommunications and on amendment to other acts
became effective.

Requirements of Cesky Mobil a.s. for the Licence granting have been partially
satisfied. The Company's request for allocation of another 5 channels in the 900
MHz band was not satisfied since another operators of GSM networks also applied
for the 5 free channels. The disposable channels in 900 MHz band will be
allocated to the GSM operators in the form of a tender. The request for 20
channels in the 1800 MHz band has been satisfied.

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The Decision on granting the Telecommunication Licence to provide public
telephone services through the public mobile telecommunication network is issued
under the number 8951/2002-610.

The usage of the Telecommunication Licence to establish and operate public
mobile telecommunication network under GSM standard, which is being issued, and
the possibility to terminate the Authorisation is conditioned by legal force of
the Licence to provide public telephone service through the public mobile
telecommunication network No. 8951/2002-610. Without the said licence the
telecommunication network may not be used for provision of the services. This
fact is reflected in the final provisions of the Telecommunication Licence
stipulating that the effect of the Telecommunication Licence is bound with legal
force of the Licence No. 8951/2002-610.

INSTRUCTION

An appeal against this Decision may be lodged to the Chairman of the Czech
Telecommunications Office within 15 days after the delivery hereof. The appeal
shall be submitted in two counterparts through the body which issued the
Decision, i.e. the Czech Telecommunications Office, Division of
Telecommunication Networks and Service Regulation, with the registered office at
Sokolovska 219, Prague 9, Post Box 02, 225 02 Prague 025.


                                            Regulation of Telecommunication
                                         Networks and Services Division Director
                                                    Ing. Marek Ebert



I hereby confirm that I have taken over the Decision

and I do / do not waive the right to the appeal.



In Prague on 26 June 2002