British investment funds could be potential investors in Telefonia Dialog
The third largest fixed-line operator in Poland Telefonia Dialog (TD) has
signed a letter of intent with a financial investor which will take a
minority stake in the company. The deal should be completed within a few
months. According to unofficial information several British investment
funds, CVC Capital as well as Spectrum Equity Partners are interested in the
stake. "Regardless of who will become TD's partner this is very good news
for the firm," said one telecommunication market analyst. Telefonia is 100%
owned by the copper concern KGHM Polska Miedz which bought TD's assets from
the Polish power grid company, Polskie Sieci Elektroenergetyczne (PSE) and
Tel-Energo two years ago. When it made the purchase KGHM pledged to find an
investor for TD. Telefonia Dialog is among the companies which are planned
to become part of the National Telecommunication Group (KGT). The concepts
to create such a holding are currently being prepared the Treasury Ministry
and the Infrastructure Ministry. (Puls Biznesu, p. 4,5) A.Z.
