Deutsche Telekom and Elektrim set to end row over PTC

Deutsche Telekom (DT) and Elektrim are to end their legal dispute over the control of the Era GSM mobile-phone operator Polska Telefonia Cyfrowa (PTC). "We are interested in an out-of-court settlement and presume Deutsche Telekom are also interested," said Elektrim's Ewa Bojarska. Last year, DT objected to Elektrim's acquisition of a 15.8% stake in PTC on the grounds it breached a pre-emptive clause granted to it. The dispute is being heard in courts in both Poland and Austria. In 1999, DT increased its stake in PTC to 45% by acquiring a 5% stake from Media One. Currently, Elektrim Telekomunikacja has a 50% stake in PTC and a 5% stake is owned by Hod Co. (Gazeta Wyborcza, page 22; Puls Biznesu, page 3) P.S.