Who will buy P4?

According to the Wall Street Journal Poland’s three largest mobile telephone operators are reluctant to take over smaller rival P4 if the company is put up for sale this year. P4’s shareholders – Cyprus-based fund Tollerton Investments (50.2%) and Iceland-based fund Novator (49.7%) – set the sale of the business as an important priority in 2010 for the company’s managers, who have been given stock options that can be cashed only if the company changes its owner.