VODAFONE AIRTOUCH GAINS POLKOMTEL STAKE | RCR Wireless

VODAFONE AIRTOUCH GAINS POLKOMTEL STAKE

by Reily Gregson

LONDON-Vodafone AirTouch plc announced Thursday its wholly owned subsidiary AirTouch Communications Inc. is acquiring a 5.5-percent stake in Polkomtel S.A. from Stalexport S.A. for $145 million.

Vodafone AirTouch currently owns 19.25 percent of Polkomtel, which operates the Plus GSM network in Poland. It was awarded its license in February 1996 and had more than 1.3 million customers as of the end of September, according to Vodafone AirTouch.

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