Polkomtel Owners See Three Final Bids

The owners of Polkomtel have received three final bids for the Polish mobile operator, Reuters reported Wednesday. The company declined to name bidders. Bankers have previously valued the company at up to 18 billion zlotys ($6.6 billion). It was put up for sale by its owners: miner KGHM, and state-linked companies PKN, PGE, and coal exporter Weglokoks, as well as Vodafone, Reuters wrote.

(Reuters) – The owners of Polkomtel [PTL.UL] received three final bids for Poland’s No. 2 mobile operator, the head of miner KGHM , one of the sellers, said on Wednesday.

Chief Executive Herbert Wirth declined to name the bidders.

Polkomtel, which bankers have valued at up to 18 billion zlotys ($6.6 billion) was put up for sale by KGHM, other Polish state-linked companies: refiner PKN , utility PGE , and coal exporter Weglokoks, as well as Vodafone .

Last week, sources told Reuters Polish media mogul Zygmunt Solorz-Zak is competing with private equity firm Apax to buy Polkomtel in what could be the largest European telecom buyout in years.

The people said a remaining team of Norway’s Telenor and private equity firm Bain was “wavering” about whether to submit its final bid, with two sources saying Bain may pull out, leaving Telenor on its own.

(Reporting by Wojciech Zurawski; Writing by Adrian Krajewski)