Sunday, September 5, 2010

Arbitration Tribunal Rules Against Telekomunikacja Polska

An arbitration tribunal in Vienna (Austria) issued a ruling regarding the dispute between the Danish Polish Telecommunications Group (DPTG) and Telekomunikacja Polska S.A., a 49.79% subsidiary of France Telecom.

As a result of this arbitration decision, which covers an initial period from February 1994 to June 2004, the total amount due to DPTG is around EUR 396 million, including interest. partial arbitration decision regarding TP S.A.

The second phase of the proceedings will examine the period from July 2004 to January 2009, unless the parties come to a negotiated settlement.

France Telecom said it has already made the appropriate provisions and that the potential financial impact is excluded from the Group's organic cash flow guidance for 2010.