A Polish court has paved the way for the long-delayed sale of TDC’s 19.6 percent stake in Poland’s second largest mobile firm, Polkomtel, by lifting an injunction that had halted the deal.
Last month British wireless group Vodafone, which also owns 19.6 percent of Polkomtel, agreed to buy a further 4.8 percent from TDC for EUR 176 million (USD 220 million). This deal resolved a legal challenge Vodafone made previously against TDC’s original plan to sell its stake, announced in 2006, when it agreed to sell its entire stake to Polkomtel’s Polish shareholders - PKN Orlen, KGHM, PGE and Weglokoks - for EUR 650.5 million.