Deutsche Telekom reported to be missing out on Vivendi's stake in ET

Vivendi of France is reported to be on the point of selling its 51% stake in Elektrim Telekomunikacja (ET), the majority shareholder in Polska Telefonia Cyfrowa (PTC), which operates the Era mobile phone network. Sources quoted by Puls Biznesu say the Vivendi shares, which will be sold "within the next few days", will probably be purchased by international financial investors, and not as previously anticipated by Deutsche Telekom. Meanwhile, new Elektrim president Jacek Krawiec has asked the public prosecutor not to continue with its case against BRE Bank, accused by his predecessor Waldemar Siwak, who is now chairman of the Elektrim supervisory board, of insider trading when it purchased Elektrim shares last year. Krawiec says that in his opinion BRE Bank has explained the matter adequately. Siwak, however, is determined not to give up. "Should the motion be withdrawn I will consider filing another one with the prosecutor against BRE Bank, this time in my own name or on behalf of the supervisory board," he told Gazeta Wyborcza. (Puls Biznesu, p. 9; Gazeta Wyborcza, p. 29) P.J.