Is Polkomtel about to repeat the conflict that plagues PTC?

The Polish shareholders of Polkomtel, namely KGHM Polska Miedź, PKN Orlen, Polish Power Grid (PSE) and Węglokoks, were interested in buying the shares from TDC and if the transaction was completed they would collectively own over 75% of the company which would prevent Vodafone from having any influence on Polkomtel. The arbitration proceedings may lead to the annulment of the offer to purchase Polkomtel's shares submitted by Polish shareholders on March 10. The blocking of the transaction by Vodafone may prove beneficial for some KGHM and PKN Orlen shareholders in the short term since it means that those companies would not have to spend large sums on the purchase of shares which could translate into higher dividends. However, the lengthy arbitration procedure may be detrimental for Polkomtel as a long-lasting conflict between the shareholders may ultimately cause difficulties for the company's operating activities as was the case with another Polish mobile phone operator, PTC. (Puls Biznesu, pp. 1, 4-5) E.B.