Polish state-owned railway company PKP has suspended the sale of telecommunications firm TK Telekom. PKP press officer Katarzyna Mazurkiewicz said that the company was not satisfied with offers placed by potential investors. PKP plans to reopen talks with potential buyers within the next six months. It also plans to make changes in TK Telekom's structure to meet the expectations of prospective investors and increase the subsidiary's valuation.
PKP has been in parallel negotiations over TK Telekom with listed telco Netia, GTS and a consortium of Hawe and IT Polpager since September 2012. The entire privatization process was kicked off in September 2011.
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