Poland - Regional court to reconsider arbitration ruling on PTC

The Supreme Court has ordered a regional court to re-examine the ruling of the Vienna International Court of Arbitration on the ownership of a 48% stake in PTC, the operator of the Era and Heyah mobile networks.

The Court of Arbitration ruled that the shares of the mobile operator were owned by Elektrim and that the transfer of the stake to Elektrim Telekomunikacja (ET) had been invalid. The regional court decided that the ruling of the Court of Arbitration is valid in Poland. On this basis Deutsche Telekom (DT) exercised the buy option for the Elektrim stake and thus became the owner of 97% of the Polish mobile operator.

Source: PMR. For more info Ceeitandtelecom.com