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Vivendi Universal is planning to sell its 49% stake in Elektrim Telekomunikacja, which owns 51% of Poiska Telefonia Cyfrows , the dominant mobile operator in Eastern Europe - PTC - News in Brief - Brief Article

CommunicationsWeek International, April 1, 2002

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> Vivendi Universal is planning to sell its 49% stake in Elektrim Telekomunikacja, which owns 51% of Poiska Telefonia Cyfrows (PTC), the dominant mobile operator in Eastern Europe. The sell-off leaves the field open for Deutsche Telekom, the other main shareholder, to gain full control. The French media conglomerate said that the sell-off will help reduce debt, but while the stake cost around $1.4 billion when Vivendi purchased it, it is now thought to be worth around only $530 million ([epsilon]600 million).

COPYRIGHT 2002 EMAP Media Ltd.
COPYRIGHT 2002 Gale Group

 

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