Credit Suisse First Boston has landed the mandate to advise the Czech government on its second attempt to sell Cesky Telecom, the country's leading telephone operator for $2.1bn (€1.7bn).

CSFB won the beauty parade to work alongside local bank Ceska Sporitelna to advise the National Property Fund, the Czech government's privatisation agency, on the sale of a 51% stake in Cesky early next year.