Copenhagen, 2011-01-14 09:00 CET (GLOBE NEWSWIRE) -- Today, DPTG has filed a claim of DKK 2.4 billion for phase two (mid-2004 to 2009) with the Arbitration Tribunal in Vienna, Austria in the arbitration case against Telekomunikacja Polska S.A. (TPSA). Through its 75% ownership interest in DPTG I/S, GN Store Nord is a party to the case.
In company announcement 29, from September 6, 2010 GN announced that the claim for phase two was anticipated to be above DKK 1.0 billion. Upon a more detailed assessment of the data traffic related to phase two, we have seen higher growth than anticipated in the Polish telecommunications market, and the data traffic increased significantly due to new services provided. The data traffic on the NSL-cable increased significantly compared to phase one (1994 to mid-2004). This is reflected in DPTG’s claim of DKK 2.4 billon, which consists of DKK 2.0 billion related to traffic and DKK 400 million in interest, applying the same interest rate which was established by the Arbitration Tribunal in the ruling for phase one.
DPTG is entitled to 14.8% of the net profits generated on the NSL-cable.
For further information please contact:
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Mikkel Danvold VP, IR & Communications GN Store Nord A/S Tel:+45 45 75 02 71 |
