Vivendi has offered to buy Deutsche Telekom’s stake in Polish mobile operator Polska Telefonia Cyfrowa (PTC) for 2.5 billion euros ($3.2 billion), an Associated Press report said.

The report said the offer was an apparent bid to settle a long-running dispute between Vivendi and Deutsche Telekom over control of PTC, which had repeatedly gone before Polish and Austrian courts.

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.

Source- http://www.telecomseurope.net

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