Polkomtel sale: Two become four (again)

26 May 2011

A source close to the Polkomtel sale has told local media that talks are continuing with four interested parties, not two as reported earlier this week. The bids give Polkomtel an enterprise value of PLN16 billion (USD5.7 billion) to PLN18 billion, said the person, asking not to be identified. Polish billionaire Zygmunt Solorz-Zak, Apax Partners, TeliaSonera and a group formed by Telenor and Bain Capital are the quartet still in the running. The next round of bids are due on 10 June, with the current shareholders hoping to complete the transaction by the end of the month.

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