Vectra raises price in bid for Netia

Cable TV operator Vectra has raised the price in its tender offer for 33 percent in telecom Netia, the company said in a statement on Wednesday. The price was raised from PLN 5.31 to 5.41 per share. However, the increased price will only apply  to subscriptions made during the first five working days from the start of the tender. It will be later cut to PLN 5.11 per share. Vectra initially announced the tender in early July. Subscriptions in the offer start on July 23 and are due to be closed on August 5.