TPSA CEO: Not Approached By Vivendi Regarding A Bid For TVN
26 October 2011 - 9:17PM
Dow Jones News
Telekomunikacja Polska SA (TPS.WA), Poland's largest
communications company, hasn't been approached by French media
conglomerate Vivendi SA (VIV.FR) about partnering it on a possible
bid for Polish television broadcaster TVN SA (TVN.WA), TPSA Chief
Executive Maciej Witucki said at a conference with analysts
Wednesday.
TPSA is ready to consider such a partnership if approached, he
added.
"We know how to partner, we've done partnerships in the past,"
he said when asked about Polish news reports that Vivendi was
considering teaming up with the telecommunications firm on a bid
for TVN.
"But I can only speak about partnerships I have discussions
about. I'm not in a discussion with the head of Vivendi about a
partnership. If there's a proposition, we'll look at it--today
there's nothing on this front," he said.
TPSA is controlled by France Telecom SA (FTE.FT).
Polish entertainment group ITI Holdings SA said in July it was
considering selling its entire 56% stake in TVN, worth about 2.83
billion zlotys ($900 million) at current market prices. Vivendi's
supervisory board chairman, Jean-Rene Fourtou, told daily
Rzeczpospolita in October the company was considering building a
consortium with a Polish partner that would bid for TVN.
-By Marcin Sobczyk, Dow Jones Newswires; +48 22 447 2432;
marcin.sobczyk@dowjones.com
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