Vivendi on the point of new bid for control of Elektrim

Vivendi of France is about to make a new strategic proposal to Elektrim, according to which it will increase its offer for acquiring a controlling stake in Elektrim's telecommunications assets. Elektrim is currently at the center of a dispute between Vivendi and Deutsche Telekom over control of affiliate Polska Telefonia Cyfrowa which, as the operator of the Era GSM network, is Eastern Europe's biggest mobile telecom player. Vivendi currently owns a 49% stake in Elektrim Telekomunikacja, the main shareholder in PTC. Analysts expect Deutsche Telekom to respond to Vivendi's latest move by increasing its own offer for the company. The latest developments have had a positive impact on Elektrim's shares, which soared by nearly 11% yesterday, having lost almost a third of their value in recent weeks. (Gazeta Wyborcza, p. 32, Puls Biznesu, p. 9) M.T.