- Orange Polska (OTCPK:PTTWF) -- Poland's biggest phone company and a unit of Orange (NYSE:ORAN) -- fell 1.9% in Warsaw after its bids in an LTE spectrum auction led to worries it may cut its dividend.
- The dividend is already at a record-low 0.5 zloty/share. The company took on an expense of 3.2B zloty (about $856M) in the frequency auction.
- Orange Polska took two of the five 800-MHz bands available. T-Mobile Polska (OTCQX:DTEGY) took another of those bands after offering 2.02B zloty; P4 and NetNet also took a band apiece.