Netia considers share issue or sale of stake in Polish fourth mobile network |
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Published
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Tue, 08 Jan 2008 09:42
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WARSAW (Thomson Financial) - Polish telecom Netia has approved moves to issue new shares or sell its 23.4 pct stake in the country's fourth mobile operator P4, which launched operations last year, the company said in a statement.The company said the supervisory board had approved moves to seek buyers for the stake and said a final decision on a possible share issue would be taken in the first quarter.'Netia has already received expressions of interest in the stake,' the company said in a statement.'Netia believes the value of the stake is currently substantially more than the 80 mln eur which Netia undertook to invest in the project.'patrick.graham@thomson.com *48 22 447 2430pjg/ejbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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