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Vivendi to Get $1.7 Billion in End of Polish Dispute With Deutsche Telekom

Vivendi SA will receive 1.25 billion euros ($1.7 billion) as part of a deal to end a dispute with Deutsche Telekom AG over the ownership of a Polish telecommunications group.

Vivendi will give up rights to the shares of Polska Telefonia Cyfrowa Sp. z o.o. under an accord signed today with Deutsche Telekom and the creditors and primary shareholder of Poland's Elektrim SA, the Paris-based company said in a statement. Deutsche Telekom will be recognized as the sole owner of PTC, Poland's third-largest mobile-phone operator.

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