TDC accuses Vodafone for arousing conflict over Polkomtel

Internet Securities
opublikowano: 07-03-2006, 15:15

Warsaw (Puls Biznesu) – Last week’s meeting of shareholders in Polkomtel mobile operator ended with a quarrel. The conflict is getting more and more serious while the Polish companies raise money to increase their stakes.

Warsaw (Puls Biznesu) – Last week’s meeting of shareholders in Polkomtel mobile operator ended with a quarrel. The conflict is getting more and more serious while the Polish companies raise money to increase their stakes.

The conflict between Danish TDC, which is selling its 19.61 percent stake in Polkomtel, and British Vodafone which wants to stop the Polish shareholders from getting over 75 percent of the telecom, is increasing.

“Vodafone’s actions complicate the whole process. It is against the interest of the other shareholders. We do hope that the case will be solved soon although you may not exclude a long court proceeding”, Henning Vest, TDC Mobile International CEO said.

Vodafone filed a suit on February 16 to have its rights against Polkomtel shares secured. The court decided on February 24 to freeze the sale for three months. The case is viewed by a Polish court but may be transferred to Vienna arbitrary court. All shareholders of Polkomtel met last week in Copenhagen. They failed to reach agreement. Representatives of Vodafone and TDC quarreled. Meanwhile, KGHM Polska Miedz, PKN Orlen, PSE and Weglokoks, which have over 60 percent of Polkomtel, are getting ready to execute this transaction till March 10 as planned earlier. Vodafone may withdraw its suit any time. It may submit its own offer to buy the whole or part of the stake sold by TDC.


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