KGHM in Dialog talks

6 Jul 2011

Polish mining firm Kombinat Gorniczo-Hutniczy Miedzi (KGHM) has started talks with two bidders for its telecoms arm, Telefonia Dialog. KGHM has not yet disclosed the names of the two interested parties, but did say that Dialog would not be sold for less than its book-value of PLN825 million (USD302.7 million). KGHM’s announcement comes hot on the heels of an agreement earlier this month to offload its share of domestic cellco Polkomtel to Polish media tycoon Zygmunt Solorz-Zak. As reported earlier in TeleGeography’s CommsUpdate, the potential bidders for Dialog are telcos Netia, MNI Telecoms and Hawe, and private equity group Bridgepoint.

Poland, Telefonia Dialog