Elektrim is ripe for takeover after shareholders reject capitalization plans

Telecommunications-and-power-conglomerate Elektrim S.A. has become a takeover target following a decision by its shareholders to reject ambitious financing plans for its future growth. Elektrim's package of telecoms holdings and decreasing share-value could make it attractive for a takeover by foreign industry-giants such as Deutsche Telekom and France's Vivendi. Elektrim has played a pivotal role in the Polish telecommunications' sector, in which mobile-phone usage doubled last year and fixed-line phones and internet-services also performed strongly. Elektrim's holdings include mobile-phone operator Polska Telefonia Cyfrowa (PTC), cable-TV provider Bresnan, fixed-line operator El-Net, cable-maker Elektrim Kable, and power plant PAK. (Reuters) S.M.