In Brief: France Telecom; Tel-Energo; Elektrim

Following unofficial reports concerning France Telecom's (FT) planned withdrawal from TPSA, which have been publicly denied by the company, analysts from Dresdner Kleinwort Wasserstein announced that FT management should seriously consider such an option. According to recently published information, it was the investment division of Dresdner Bank that was to take part in financing the transaction. (Puls Biznesu, p. 5) ... Initial offers from investors interested in taking over Tel-Energo, will be considered by the National Grid (PSE) until August 1. Tomorrow, the PSE is to increase the operator's capital, by an undisclosed sum. (Puls Biznesu, p. 10) ... Instead of submitting a bankruptcy motion, Elektrim's bondholders will take over all assets belonging to the company, which secure the buy-out of the bonds, worth EUR510 million. The procedure, initiated last Monday, should now be in progress. Today, the management of the conglomerate will meet with the nominee appointed by the creditors. (Parkiet, p. 3) A.K.