TP03/061

PowerTel Limited - Panel Declines to Commence Proceedings in Relation to Powertel Limited

The Takeovers Panel advises today that it has declined to commence proceedings in relation to an application from TVG Consolidation Holdings SPRL (TVG ). The Panel received the application on Thursday 26 June, seeking a declaration of unacceptable circumstances in relation to the affairs of PowerTel Limited (PowerTel).