Two in race for Polkomtel, as two drop out

23 May 2011

Reuters is reporting that TeliaSonera and Polish media mogul Zygmunt Solorz-Zak are the last two remaining bidders for Polkomtel, after private equity firm Apax and a joint venture of Telenor and Bain Capital pulled out of the race. Polish state-owned companies Weglokoks, KGHM , PKN Orlen and PGE, as well as the UK’s Vodafone, are selling Polkomtel in an auction which could raise up to PLN18 billion (USD6.5 billion).

Poland, Plus (Polkomtel), Telenor Group, Telia Company