Controversial France Telecom-TPSA deal to go ahead
The Treasury's high-profile deal with a consortium made up of France Telecom
and Kulczyk Holding for a 35% stake in state-owned telecommunications
company Telekomunikacja Polska SA (TPSA) will be signed within the next two
weeks. It is unlikely the Prime Minister will decide upon the possible
dismissal of Treasury Minister Emil Wasacz for his controversial handling of
the deal before then. The consortium is also talking with the trade unions,
and with the Telecommunications Ministry regarding regulations. It is
believed there is agreement on the most important issues. The Treasury
expects to net around $4 billion from the sale, $1billion more than France
Telecom's initial tender a year ago. (Puls Biznesu, page: 4, Rzeczpospolita,
page B2) P.S.