Elektrim lays down its terms for PTC sale

Elektrim has sent a proposal to Deutsche Telekom (DT) and Vivdeni with two alternate terms that it will give its backing for Elektrim Telekomunikacja (ET) to sell its 51% stake in Polska Telefonia Cyfrowa (PTC) to the German telephone giant. It demands that either DT increase its EUR 1 billion offer, or for Vivendi to write-off ET's EUR 500 million debt to the French concern. Elektrim urgently needs money to cover its debts that amount to EUR 450 million. The second deadline that Deutsche Telekom gave Elektrim and Vivendi to decide whether to accept the offer may be extended again. (Puls Biznesu, pp. 1, 3) M.K.