It may cost PLN 800m to split TP telecom

MAG
opublikowano: 2008-11-12 11:22

Warsaw (Puls Biznesu) – The report on the separation of TP proves that the earnings gained in this operation will not be much higher than costs. The regulator won’t take them into account while making its decision.

The Office of Electronic Communications (UKE) will today publish the report prepared by the consortium of KPMG, the National Institute of Telecommunications and Grynhoff Wozny Malinski lawyers office. This is an important element in the discussion concerning the split of TP planned by Anna Strezynska, UKE CEO.

According to “PB” sources, the estimates are not favorable for UKE decision to split the once monopoly telecom. The consortium estimates that TP will pay PLN 800m (EUR 219.2m) for the split while the clients’ gains resulting in falling prices will be not much higher and will amount to PLN 900m within five years.

The quality of these estimates has been questioned. At first, TP had estimated its costs at PLN 200-300m. After it had found out what the estimates of the analysts were, it raised the amount to PLN 600m. UKE CEO may not take the numbers into account.

“I will be very cautious with the costs provide by the consortium. Other countries have not conducted similar estimates”, Anna Strezynska said.

She was said to refuse to pay for the report when she saw its results.

“Yes, I threatened not to pay for this report. But the reason was that it was of poor quality. The consortium had problems with preparing so many documents in such a short notice. The first version of the report was poorly prepared, it had lots of mistakes”, Anna Strezynska said.

It is also possible that she won’t have to make the decision at all. TP has recently started negotiations with UKE. The telecom offers solutions which might make the split unnecessary.

(PLN 1 = EUR 0.274)