August 6, 2014 / 6:36 AM / 3 years ago

Polish cable operator Vectra says calls off bid for Netia stake

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WARSAW, Aug 6 (Reuters) - Polish cable operator Vectra did not obtain the targeted 33-percent stake in its tender call for shares in the country's No.2 telephone operator Netia and called off the bid, Vectra said on Wednesday.

Vectra launched the 607 million zloty ($194 million) bid last month. Despite some sweeteners, the offer fell through as Netia's market price exceeded the one offered by Vectra. (1 US dollar = 3.1321 Polish zloty) (Reporting by Adrian Krajewski; Editing by Marcin Goettig)

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