Deutsche Telekom gets $3.2b offer for PTC stake

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.

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