PTC buy out may be delayed

28 Aug 2003

Deutsche Telekom’s purchase of the 51% stake in Polish cellco PTC that it does not already own may be delayed because of an ongoing legal dispute between current shareholders Vivendi and Elektrim. Vivendi apparently supports the buyout, while electricity utility Elektrim is said to have reservations, and is claiming that Vivendi must seek its approval to sell its stake.

Poland