Square one

The Warsaw Business Court has annulled a decision made by the National Court Register (KRS) in February that had enabled Elektrim to take control of a 48-percent packet of shares in Polska Telefonia Cyfrowa (PTC) previously owned by Elektrim Telekomunikacja (ET). The new ruling means a major shake-up in the composition of PTC's management board.

Most probably PTC will soon see the return of its former management board composed of Ryszard Pospieszyński, Jonathan Eastick, Wilhelm Stuckemann, and Martin Schneider, who consider themselves "the only legal members of the operator's management board."

However, Witold Pasek, the company's spokesman, said that nothing was yet settled and that the decision does not mean the end of the conflict between ET (controlled by Vivendi Universal) and Elektrim.