TDC completes Polkomtel stake sale

22 Dec 2008

Denmark’s TDC has completed the sale of its 19.6% stake in Polish mobile operator Polkomtel, less than a month after the deal was given the go-ahead by Polish courts. The sale, which will generate EUR726 million (USD1.01 billion), will see British mobile group Vodafone take a quarter of TDC’s stake in the operator, bringing Vodafone’s stake in the operator to 24.4%. Four other Polish shareholders – KGHM, PGE, PKN Orlen and Weglokoks – will purchase the remaining 75% of TDC’s stake in the operator. Oil firm PKN Orlen itself has suggested it may consider selling its stake in the operator in 2009, and only mining company KGHM has suggested it has a long-term interest in the venture.

Poland, Plus (Polkomtel), Vodafone Group