1 half year report 2006 2 content letter from the chairman of board directors calendar main events director s on business activity czech telecommunications market in first regulation telefónica o2 republic group integration new products and services commented financial results corporate governance section consolidated prepared accordance with international reporting standards stand alone information for shareholders glossary terms acronyms 6 8 9 10 12 14 16 22 30 32 36 40 44 is spearheading trend fixed mobile convergence also one most developed ones when it comes to substitution our research shows that about 70 total telephone traffic generated via connection this rather unique europe another specific attribute small proportion internet adsl vis