Telco Holdings ready to file suit over frequency allocation

Telco Holdings, the main owner of P4, said on Thursday that it is ready to open arbitration against Poland over the LTE frequency allocation tender, but assures it expects to settle the argument in an amicable manner. "Telco Holdings is prepared to find an amicable solution promptly in cooperation with the Polish Government, which would support quick spectrum allocation without violating the rights of the participants of the on-going auction," the P4 owner wrote. Andrzej Halicki, the Minister of Administration and Digitization of Poland, has changed the rules of the auction allowing for a decisive stage of the tender after 115 days of the ongoing auction. All of the six firms that entered the bidding have criticized the decision with Polkomtel and P4 being the most vocal. The latter company said that the minister's action could generate losses reaching €500 million.