Vodafone offered additional stake in Polkomtel

8 Jun 2007

The Polish government has offered to sell as much as 19.6% of cellco Polkomtel to Vodafone, as long as the UK-based telecoms group allows Polish firms to retain control. Citing unnamed sources, financial daily newspaper Parkiet said the Polish treasury had offered Vodafone state-owned PKN’s 19.6% stake. Gazeta Wyborcza meanwhile reported that the British firm had been offered an additional 10%.

In exchange, Warsaw is reported to want Vodafone, which already owns 19.6% of Polkomtel, to drop its lawsuit blocking a transfer of a stake held by Danish TDC to Polish shareholders. Four Polish state-controlled firms, including copper miner KGHM and national power grid PSE, hold nearly 61% of Polkomtel.

Poland, Plus (Polkomtel), Vodafone Group