Warsaw court blocks TDC’s sale of stake in Polkomtel

4 Dec 2006

The court of appeal in Warsaw has upheld Vodafone’s request to forbid the sale by TDC of its stake 19.61% in Polish cellco Polkomtel. Vodafone reportedly paid EUR43 million (USD57.4 million) as a deposit to the court to have the decision granted. The shares are now secured until the International Court of Arbitration in Vienna begins hearing the case, scheduled for 7 January 2007.

Poland, Plus (Polkomtel), Vodafone Group