France Telecom sells Centertel stake to TP SA

27 Oct 2005

France Telecom has announced an agreement to sell its 34% stake in Polish wireless operator Centertel to TP SA for PLN4.88 billion. On completion of the transaction TP SA will own 100% of the cellco; France Telecom will retain its 47.5% stake in TP SA. Centertel is the second largest wireless network operator in Poland with more than nine million customers and a market share of 33.5% at the end of September 2005.