Deutsche Telekom takes control of PTC

During yesterday's supervisory board meeting, Klaus Hartmann, who has been Finance Director at Magyar Telekom for the past six years, was selected as the company's new president. Not all personnel changes have been revealed at the telecom yet, however it is known that the president of Elektrim, Piotr Nurowski, stepped down as supervisory board member. These changes have been closely examined by French Vivendi, which claims that through Elektrim Telekomunikacja it controls a stake of 48% in PTC. Therefore representatives of the company claim that whatever the new supervisory board decides, it will not have legal grounds.  Investors, on the other hand, recognized this move as the end of a long standing conflict and Elektrim's share value rose by 53.3% during yesterday's trading hours. (Puls Biznesu, pp.1, 6) A.K.