Netia considers share issue or sale of stake in Polish fourth mobile network

14 Jan 2008

Thomson Financial reports that Polish telco Netia has approved moves to issue new shares or sell its 23.4% stake in cellco P4. According to a company statement, the supervisory board has approved moves to seek buyers for the stake and said a final decision on a possible share issue would be taken in the first quarter. ‘Netia has already received expressions of interest in the stake,’ the statement said, adding ‘Netia believes the value of the stake is currently substantially more than the EUR80 million (USD118 million) which Netia undertook to invest in the project.’

Poland, Netia