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2006-09-27 10:01 ele Wojciech_Woźniak
FRANKFURT (AFX) - Deutsche Telekom AG has rejected an offer by Vivendi
SA to buy the German firm's 49 pct stake in Polish mobile operator
Polska Telefonia Cyfrowa (PTC) for 2.5 bln eur, the Financial Times
Deutschland reported.

The newspaper cited company sources as saying Deutsche Telekom remains
convinced selling its PTC stake is not an option.

Vivendi confirmed yesterday it had offered to buy the shareholding.
Deutsche Telekom declined to comment.

The two western European companies have been embroiled in a long-running
legal battle over ownership of PTC.

Until now, the German incumbent has held at least 49 pct of PTC, with
the balance owned by the Elektrim Telekomunikacja (ET) holding, a joint
venture set up between Vivendi and Poland's Elektrim.

Since 2004, courts in Austria and Poland have ruled that Elektrim had no
authority to incorporate its PTC stake in ET.

Deutsche Telekom has meanwhile exercised an option to buy Elektrim's PTC
stake, raising its own stake in PTC to 97 pct. Vivendi in turn
challenged the legality of this transaction.
2006-09-27 20:48 Re: ele Leo
... no i ?

nowsze 1 starsze

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