Poland's Plan to Cut Short 4G Auction Risks $558 Million Claim
- P4 sees up to 500 million euros of damages if auction changed
- Operator seeks amicable solution or new sale of frequencies
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Poland’s fourth-biggest mobile phone operator said it may sue the government if it changes the rules of an ongoing auction for high-speed mobile frequencies.
Kifissia, Greece-based Olympia Development SA, which owns operator P4 sp zoo, said in an e-mailed statement that Poland’s plan to stop the bidding for the Long-Term Evolution, or LTE, frequencies after 115 auction days would cause an “irreversible infringement of interests” for its unit and and may cause “tangible damages” up to 500 million euros ($557 million).