Paris, September 28, 2009
Vivendi Wins Significant Victory Over Deutsche Telekom and Elektrim in Poland
The Warsaw Court of Appeals denied the request of Deutsche Telekom (DT) and Elektrim for the recognition in the Republic of Poland of the arbitral award rendered in Vienna on November 26, 2004, confirming the position of Elektrim Telekomunikacja (Telco), a 51% Vivendi subsidairy. The decision is binding and enforceable in Poland. All of DT’s and Elektrim’s motions for recognition in the proceedings were rejected.
After the Austrian Supreme Court, this decision marks another and significant victory for Vivendi in its dispute with DT and Elektrim over its investment in the Polish telecom operator PTC.
As claimed by Vivendi since 2004 and contrary to the assertions of DT and Elektrim, the Warsaw Court of Appeals affirmed that the arbitral award has no effect on Telco’s 48% ownership of PTC. DT and Elektrim had misused the arbitral award for years as false justification to lay claim to control those PTC shares and to exclude Telco out of PTC. This decision confirms that DT and Elektrim cannot claim Telco’s 48% ownership on the basis of the arbitral award.
About Vivendi
A world leader in communications and entertainment, Vivendi controls Activision Blizzard (#1 in video games worldwide), Universal Music Group (#1 in music worldwide), SFR (#2 in mobile and fixed telecom in France), Maroc Telecom (#1 in mobile and fixed telecom in Morocco), Canal+ (#1 in pay-TV in France and Poland) and owns 20% of NBCU (leading U.S. media and entertainment group).
In 2007, Vivendi achieved revenues of 21.7 billion euros and adjusted net income of 2.8 billion euros. With operations in 77 countries, the Group has about 43,000 employees.
Important disclaimer:
This press release contains forward-looking statements with respect to the financial condition, results of operations, business, strategy and plans of Vivendi. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including, but not limited to, the risks described in the documents Vivendi filed with the Autorité des Marchés Financiers (French securities regulator) and which are also available in English on our web site (). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. The present forward-looking statements are made as of the date of the present press release and Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.