KGHM Polska Miedz SA hunting for new investor for Telefonia Lokalna?

According to Rafall Jankowski, analyst from CDM Pekao SA, copper holding KGHM Polska Miedz SA is looking for a new strategic investor for Telefonia Lokalna (TL). KGHM is the sole owner of this telephone operator with 117,000 thousand customers. The company itself, however, dismisses this information as false, although KGHM is required to look for an investor for TL according to the agreement signed with its former owners, energy networks PSE and Te-1-energo. As KGHM’s official statement says, the company intends to sell TL by the end of the year “for the price of invested capital,” which is zl.500 million. Finding an investor would seem to be an easy prospect, since TL possesses networks and franchises in Wroclaw and Lodz and has great development potential. (Rzeczpospolita, p.B3) M.K.