PARIS and NEW YORK, Oct. 24 LAWFUEL – Law News Network — Vivendi announced today
that it filed last night a Racketeer Influenced and Corrupt Organizations
Act (RICO) complaint in federal court in the State of Washington, charging that T-Mobile has illegally appropriated Vivendi’s $2.5 billion investment in one of Poland’s leading mobile telecommunications operators, Polska Telefonia Cyfrowa sp. zo.o. (PTC), through a pattern of fraud and racketeering.
Named in the complaint are T-Mobile USA, Inc., T-Mobile Deutschland
Gmbh, Deutsche Telekom AG and Mr. Zygmunt Solorz-Zak, who controls another Polish company, Elektrim S.A., which is Vivendi’s joint-venture partner for its investment in PTC.
According to the suit, this case involves two companies, Vivendi and T-Mobile, that have substantial business activities in the United States, one of whom (T-Mobile) colluded with Mr. Solorz-Zak in a pattern of racketeering activity over U.S. wires as part of an unlawful scheme to take over an enterprise, PTC, and corrupt another enterprise, Elektrim.
“Vivendi considers that T-Mobile and Mr. Solorz’ Elektrim illegally
appropriated its $2.5 billion investment in PTC and, at every turn, have
defied court orders. By filing this Racketeer Influenced and Corrupt
Organizations Act complaint, Vivendi asks the court for a simple remedy:
give us back our money or our PTC shares. Fairness and justice must
prevail,” Mr. Levy, Chairman of the Management of Board of Vivendi, said.
A webcast of the press conference — to be held today in New York City at 10 a.m. EST/ 3 p.m. GMT/ 4 p.m. GMT +1 — can be found at:
http://www.vivendi.com (listen only).
Details for accessing the press conference, live or via teleconference or webcast, are below.
When: Tuesday, October 24, 2006, 10 a.m. EST – New York
3 p.m. GMT – London
4 p.m. GMT +1 – Paris/Berlin/Warsaw
Where: New York
Waldorf Hotel, 301 Park Avenue, New York, NY 10022
(The Hilton Room, Park Avenue Side, Main Lobby Area)
Warsaw
Hotel Sheraton, Sofia Room, Prusa 2, Warsaw
Webcast, Listen Only: http://www.vivendi.com
Telephone Conference Call-in Information:
English, USA/Canada: +1 877 726 16 94 / Code 952 33 05
English, International: +1 706 634 99 02 / Code 952 33 05
French: 0800 900 053 / Code 952 41 35
Polish: 00800 111 36 30 / Code 952 50 42
German: 0800 181 52 87 / Code 952 46 60
Back-up: +1 706 634 99 02 / Code = your language of choice from above
list.
CONTACTS VIVENDI:
Media Investor Relations
Paris Paris
Antoine Lefort Daniel Scolan
+33 (0) 1 71 71 11 80 +33 (0) 1 71 71 32 91
Agnes Vetillart Laurence Daniel
+33 (0) 1 71 71 30 82 +33 (0) 1 71 71 12 33
Alain Delrieu Agnes de Leersnyder
+33 (0) 1 71 71 10 86 +33 (0) 1 71 71 30 45
New York New York
Flavie Lemarchand-Wood Eileen McLaughlin
+(1) 212.572.1118 +(1) 212.572.8961
Important disclaimer:
This press release contains ‘forward-looking statements’ as that term
is defined in the Private Securities Litigation Reform Act of 1995. Such
forward- looking statements are not guarantees of future performance.
Actual results may differ materially from the forward-looking statements
and business strategy 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 has filed with the U.S. Securities and Exchange Commission and with the French Autorite des Marches Financiers (http://www.amf-france.org). Investors and security holders may obtain a free copy of documents filed by Vivendi with the U.S. Securities and Exchange
Commission at http://www.sec.gov or directly from Vivendi. Vivendi does not undertake to provide, nor has any obligation to provide, update or revise
forward-looking statements.
