Euronews: Sept. 6

It's a Polish one-two today, with Polkomtel SA and Telekomunikacja Polska SA (TPSA) setting the pace in our roundup of European telecom news nuggets.
  • Polish mobile operator Polkomtel, in which Vodafone Group plc (NYSE: VOD) owns close to a 25 percent stake, has become the centre of attention for a number of private equity groups, reports The Financial Times (subscription required). This follows hard on the heels of reports that Vodafone is planning to bail out of many of its minority interests around the world, though it's not clear yet whether the two things are necessarily connected. (See Euronews: August 27.)

  • The dispute between Orange (NYSE: FTE)'s Polish operator TPSA and networks builder Danish Polish Telecommunications Group I/S (DPTG), a subsidiary of carrier TDC A/S (Copenhagen: TDC), looks set to continue. The French giant says it will contest an arbitration tribunal's ruling that TPSA must pay DPTG an additional €396 million (US$511 million) for fiber-optic installation work completed in the 1990s. That's a hefty enough sum, but less than two thirds of what DPTG had claimed for, reports Bloomberg. The construction agreement included a 15-year profit share agreement, the terms and conditions of which are now the root cause of the dispute. (See TPSA to Contest Court Ruling.)

  • Following last week's speculation that AT&T Inc. (NYSE: T) might come calling, Cable & Wireless Worldwide plc (London: CW)'s share price climbed again today in the wake of reports that Singapore Telecommunications Ltd. (SingTel) (OTC: SGTJY) is looking at a potential takeover offer, reports Reuters. C&W Worldwide's stock was up by 4.2 percent to 76 pence by lunchtime (in London) Monday, giving the operator, which was created earlier this year when Cable & Wireless split in two, a market valuation of more than £1.9 billion (US$2.9 billion). (See Euronews: Sept. 1 and C&W Does the Splits.)

  • Vodafone Group plc (NYSE: VOD) has started searching for a new chairman to replace the under-fire incumbent Sir John Bond, reports The Guardian. (See Euronews: July 28.)

    In other European news:

    — Paul Rainford, freelance editor, special to Light Reading

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