Appeals court rules in favor of ET in PTC shares dispute

"This is the end. We received a final confirmation that the Vienna arbitration court had no jurisdiction over Elektrim Telekomunikacja (ET). We were thus right saying for the last two years that the owner of the shares in PTC is ET," said Wojciech Kozlowski, a partner of law company Salans acting on behalf of ET. "The court of appeal confirmed the real sense of the ruling presented by Vivendi [controlling ET] and rejected the wrong interpretation presented by Deutsche Telekom and Elektrim in their attempts to strip ET of its 48% stake in PTC," reads an announcement of ET. Representatives of Elektrim refused to comment on the news and according to Puls Biznesu, it suspects that ET's press release is not full. The date of issuing such a statement might not be random, as on Thursday the Supreme Court is to take a decision of cassation, which was submitted by ET's lawyers concerning acknowledgement of the ruling of the court of arbitration in Poland. (Puls Biznesu, pp. 1, 13) M.M.