Minister gives PSE deadline to sell its Polkomtel shares

Deputy Treasury Minister Tadeusz Soroka said during Thursday's Warsaw Business Journal conference that the National Grid (PSE) should sell its 16.05% stake in Polkmotel, an owner of Plus GSM mobile phone operator, either by the end of this year or resign from the move. An alternative would be the creation of a telecom group to compete with TPSA, which would allow prices to be lowered on the domestic market. "The later the shares are sold, the less money PSE will receive from the transaction," explained Soroka. Polish shareholders of Polkomtel have been delaying the operation of choosing their advisor for the planned disposal of shares for months now. According to Soroka, this is due to the fact that PSE has not yet accepted its new corporate strategy. "If the sale was carried out, then PSE would be able to cover losses from previous years and gain money for development," he stated. (Rzeczpospolita, p. B4) M.M.