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Industry: Email Alert RSS FeedVivendi files complaint over ownership of Polish mobile phone operator
Telecomworldwire, March 1, 2005
TELECOMWORLDWIRE-1 March 2005-Vivendi files complaint over ownership of Polish mobile phone operator(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
Media and telecomms group Vivendi Universal has announced that it has filed a complaint in a dispute over the ownership of Polish mobile phone company Polska Telefonia Cyfrowa (PTC).
The complaint - filed under an investment protection agreement between Poland and France - concerns what Vivendi calls 'a series of acts which constitute a fraudulent abuse of process' by representatives from telecomms companies Elektrim and Deutsche Telekom, that are aimed at depriving it of its interests in PTC.
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The move is the latest action in ongoing talks between Vivendi and Deutsche Telekom over the future of PTC. Vivendi and its joint-venture partner, Elektrim, were in talks to sell a 51% stake in PTC to Deutsche Telekom, but talks stalled after Deutsche Telekom said that a court had ruled that it could exercise an old option to buy out Elektrim, reports Dow Jones.
((Comments on this story may be sent to tww.feedback@m2.com))
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