Vodafone blocks Polish shareholders over Polkomtel shares

"The actions of Vodafone are complicating and prolonging the whole process. It is against the interests of the remaining shareholders. We hope to solve this issue quickly, but we cannot rule out long lasting court proceedings," said TDC Mobile International president, Henning Vest. Vodafone submitted a motion to secure its rights to Polkomtel's shares on February 16. The court ruled on February 24, that the share sale transaction be frozen for three months. In reply, TDC appealed to the decision on March 1. As for now, the case is being investigated by the Polish courts. However, it is not ruled out that that the case will soon be moved to the arbitration court in Vienna. (Puls Biznesu, pp . 1, 9) A.K