Telecom Italia will für polnische TPSA bieten - 500 Beiträge pro Seite

[schubi1]

Was ist denn aus dieser Geschichte geworden?


MAILAND (dpa-AFX) - Telecom Italia will sich im Zuge der
weiteren Privatisierung des polnischen Telekomkonzerns
Telekomunikacja Polska SA (TPSA) eine Beteiligung in Höhe
von 25-30% erwerben. Das gab das Unternehmen am
Donnerstag in Mailand bekannt.

Das polnische Finanzministerium hatte zuvor eine zweite
Angebotsrunde für das Staatsunternehmen eröffnet, nachdem ein von France Telecom offerierter Betrag nicht hoch
genug ausgefallen war. Die Frist läuft bis zum 11. Februar.

Interessenten müssen zwischen 350 und 490 Mio aller Anteilsscheine übernehmen. Das Ergebnis des Auktionsverfahrens
soll am 21. Februar mitgeteilt werden. TPSA setzte 1998 rund 3 Mio. USD um und verfügte über 9 Mio.
Fernemeldekunden./ub/kg

Quelle: Comdirect



Gruß Schubi

[perin]

Das dürfte sich auf den Kurs von TI sicher weiterhin positiv auswirken.

[schubi1]

Morgen soll es eine Liste geben:



Fast-rising TPSA shares could cause
problems for sale of strategic stake


by Roseanne Gerin

Warsaw Business Journal
February 28, 2000 - page 18

Telekomunikacja Polska`s (TPSA) share price soared to
an all-time high of zl. 39.10 last Thursday, a dramatic
movement that may make it difficult for the Treasury
Ministry to sell the 25-35% stake in the telecom
monopolist being offered to a strategic investor, analysts
said last week.

Bidders interested in the 25-35% stake, which include
France Telecom and Telecom Italia, will have to offer at
least the market value for TPSA when they submit their
proposals Feb. 28, analysts said. TPSA`s high of zl. 39.10
last Thursday is 70% higher than the zl. 23 per share
France Telecom offered in the first tender in November.

At the high price of zl. 39.10 a share, France Telecom
would have to pay zl. 19.2 billion ($4.68 billion) for a 35%
stake, which compares with the zl. 11.3 billion ($2.69
billion) offer it made in November. "The price
expectations that the ministry had last year are even
greater now because of the run-up in equity prices," said
one source close to the deal, who asked not to be
identified.

Henryka Bochniarz, president of Nicom Consulting, the
adviser to the Treasury Ministry on TPSA`s sale, was not
available for comment.

While price may be an important factor in the bidding
process, it won`t be the only one. The Treasury Ministry
will want "the company that will offer the best
development strategy for (TPSA)," said Zbigniew
Lapinski, a telecom analyst at Deutsche Bank Research.
"France Telecom, Deutsche Telekom, Telecom Italia – all
are large enough to be a good choice."

While France Telecom and Telecom Italia are expected
to be the only two firms placing bids Feb. 28, other
interested parties, such as Deutsche Telekom, British
Telecom and Japan`s DoCoMo, also have emerged.

But analysts said that the Treasury Ministry would likely
have problems with any of the other bidders besides
France Telecom. France Telecom is already present in
Poland through its 34% stake in mobile operator
Centertel, in which TPSA holds the remaining 66%.

Telecom Italia, however, has no experience in Poland`s
telecommunications market. Deutsche Telekom has a
49% interest in mobile operator Polska Telefonia
Cyfrowa (Era GSM). If the company placed a bid for
TPSA, it would have to divest its PTC shares, said Jan
Sudol, a telecom analyst at Donaldson, Lufkin & Jenrette
in London. He also said that Deutsche Telekom`s
participation would be unlikely since the German telecom
giant is entangled in a legal dispute with fellow PTC
shareholder Elektrim.

According to sources, British Telecom has already pulled
out of the TPSA tender. At the same time, Japan`s
DoCoMo focuses on mobile communications and is
unlikely to be interested in TPSA`s fixed-line service.
"Why would a mobile phone company want TPSA?"
Sudol said.

One analyst doubted that France Telecom would
purchase more than a 25% stake in TPSA. Bob Creamer,
a telecom analyst at Raiffeisen Capital & Investment
Polska, said the French company was interested in the
privatization because it wanted to maintain control of its
stake in Centertel.

"France Telecom invested in Centertel, which is worth $2
billion," he said. "TPSA is worth about $12 billion. To buy
30% of TPSA to protect (its stake in Centertel) doesn`t
make sense." He added that while France Telecom will
place a bid, the company will not aggressively pursue the
stake.

TPSA was partially privatized in November 1998 when
the government sold 15% of its shares publicly on the
Warsaw Stock Exchange (WSE) and to international
investors through global depository receipts (GDRs). The
government raised $924 million from that sale. An
additional 15% was doled out to the phone company`s
former and current employees.

When France Telecom bid last November, the company
refused to budge on its zl. 23 per share offer. That is
despite the fact that the government said it would accept
no less than zl. 28-zl. 30 per share, or zl. 13.7 billion-zl.
14.7 billion ($3.26 billion-$3.5 billion) for the 35% stake.

Although analysts said that one reason bidders would be
unwilling to up their prices was because they were
concerned about the loose and ever-changing telecom
regulations in Poland, the situation is expected to improve
by this summer when the new telecommunications bill will
likely be adopted.

A short list of bidders will be announced on March 6.

© 2000 New World Publishing Polska Sp., z.o.o.
and New World Publishing Inc.
All rights reserved.

[Schnurtzel]

hat jemand Neuigkeiten über die Übernahmegerüchte von tpsa?
Habe heute 5000 StK geordert.
Bin der Meinung das diese Aktie noch unheimlich Potential
hat.
Aktie steigt kontinuierlich und ist Übernahmekandidat.
Wurde in der letzten Börse Online und im Finnanzenwirtschafts-
magazin zum Kauf empfohlen.