Another showdown between PTC's rival boards?

The current management, appointed by Elektrim and Deutsche Telekom, are not planning to leave their offices. "We are giving all parties some time to calm down. We believe that such an honorable company as Deutsche Telekom will respect the ruling of the Polish courts," said Philippe Houdouin, president of French Vivendi-controlled Elektrim Telekomunikacja, which a Polish court entered into the National Court Register as 48% owner of the telecom. DT, which owns a 49% stake in PTC, was on the side of Elektrim, which the court expunged from the register. "We have not changed our mind," said Andreas Leigers, spokesman for DT. The German company, like Elektrim, claims that the most important element of the dispute is last year's ruling of a Vienna court of arbitration. At the same time, Elektrim's bondholders are still demanding the company's bankruptcy, but a court decision concerning this issue is not planned any time soon. (Puls Biznesu, pp. 1, 10) M.M.