Vivendi looks to pull-out of Nowa Cyfra+ and sell shares its shares in ET

French media concern Vivendi may back off from Nowa Cyfra+, a coded digital platform in which they own 75% of the shares. An official communicate on the matter is expected today. Unofficial sources have revealed that Vivendi's chairman, Jean Marie Messier, expected that Nowa Cyfra+ would have 700,000 subscribers by the end of this year, but now projections place this figure around 550,000. This could be one of the factors that is encouraging Vivendi to pull out of Nowa Cyfra+. Another reason may be the fact that the French concern is planning to back-out of telecommunication investments in Poland, which are seen as non-strategic, including selling their shares in Elektrim Telekomunikacja (ET). The fact that Vivendi's debt could increase to euro 36 billion this year, will encourage the company to look for ways of reducing its level of debt and one way out is by selling Nowa Cyfra+ and ET shares. (Puls Biznesu, p. 7) A.D.