www.WirelessFederation.com/news: The largest mobile operators of Poland has not shown any interest in taking over smaller rival P4, if the company is put up for sale this year. Cyprus-based fund Tollerton Investments with 50.2 percent and Iceland-based fund Novator with 49.7 percent, the two shareholders of the telco set the sale of the business as an important priority in 2010 for the company’s managers.
The managers have been given stock options that can be cashed only if the company changes its owner and are expected to sell the company by this year. The managers also estimate the probability that the stock options will not be cashed this year at 30 percent.
Poland’s top mobile operator by revenue and market share Polkomtel and other Telekomunikacja Polska have not shown any plan to takeover P4. Even third-largest market participant Polska Telefonia Cyfrowa, owned by Deutsche Telekom has kept its reservations on the takeover plan.
Deutsche Telekom contended that it owned 98% of PTC after exercising an option to buy a 48% stake from a holding company jointly controlled by Vivendi and Polish conglomerate Elektrim, the report said.
Vivendi argued, however, that the sale contravened earlier court rulings and was void, the report further said.