ISP ban in Wirtualna Polska shareholder struggle?

TPInternet (TPI), part of the TPSA network which controls an 80% stake in Wirtualna Polska (WP), is planning to change the internet portal’s profile. According to the changes proposed by TPI, Wirtualna would become a financial intermediary, preventing the company from offering telecommunication services. TPI is not denying that this is another phase of war with minority stakeholders in WP who are demanding the right to exercise their option to sell shares worth more than zł.230 million. The conflict has led to the bankruptcy of the internet portal. "TPI plans cutting WP from providing ISP services and thus expanding its source of revenues. This is not the first time that TPSA has shown disregard for contracts," said a representative of the minority shareholders. A manager of WP chosen by the court, Wojciech Reguła, believes this would be acting in against the interests of the company. (Puls Biznesu, pp. 1, 9) M.M.