Polish Netia Sells 23.4% Stock in Play Mobile for EUR130 Million
WARSAW -(Dow Jones)- Poland's fixed-line telephone
operator Netia Holdings said over the weekend it sold its
23.4% stake in mobile operator Play for EUR130 million to Tolleron
Investments, and Icelandic investment fund Novator Telecom.
Netia will use proceeds from the transaction to finance its strategic plans to develop broadband internet services.
The price of the stake will increase if Tolleron Investmentas and Novator decide to sell Play stake within 12 months.
-By Marek Strzelecki, Dow Jones Newswires; +4822 622 2766; marek.strzelecki@dowjones.com
(END) Dow Jones Newswires
Posted to the site on 25th February 2008
