Polkomtel Bidders Reduced to Five, Deputy CEO Kilian Says

Polkomtel SA’s number of bidders dropped to five from seven as the owners try to fetch more than $5 billion for Poland’s second-largest mobile phone company, its deputy chief executive officer said.

“It may be good news for the sale process,” Krzysztof Kilian told reporters in Warsaw today. The lower number may mean bidders have joined forces to offer more, he said, adding that he didn’t know which of the bidders pulled out. Kilian said March 11 that three strategic and four financial investors were bidding.