French Vivendi dispels rumors of selling Elektrim stake to Deutsche Telekom

Telekom French conglomerate Vivendi does not want to sell its 49% stake in Elektrim Telekomunikacja to Deutsche Telekom said a Vivendi official yesterday dispelling rumors to the contrary. Speculation that the French company wanted to shed Era GSM operator Polska Telefonia Cyfrowa (PTC) which it shares a 51% stake in with Elektrim have been circulating in Warsaw for several days. "We want to keep our stake. We are preparing a strategy with Elektrim regarding fixed-line and mobile phone markets. Those who hoped we would sell it will be disappointed," said Vivendi Central Europe president Marc Boudier. (Prawo i Gospodarka, page 16, Reuters)