Deutsche Telekom maneuvers to take PTC stock

According to information obtained by daily Puls Biznesu, the application has not yet been analyzed by a judge and so the German company has not yet transferred funds. The court can refuse to accept this money and Puls Biznesu was unable to determine when the court will look into the motion.The German telecom explained that making such a deposit was the most appropriate solution, due to claims on the money made by a number of entities. In its application DT must indicate an entity to which the money should be later transferred and give a justification for such a move. This might lead to another court dispute, as Elektrim Telekomunikacja will mostly likely try to claim the money because it believes it owns the 48% stake in PTC. Through this deposit it is possible that DT will finally become PTC's owner, holding an almost 100% stake. (Puls Biznesu, pp.1, 8) M.M.