EXHIBIT 4.6
NETIA HOLDINGS S.A.
THE COMMITTEE
C/O CADWALADER, WICKERSHAM & TAFT
March 5, 2002
Telia AB (publ)
Corporate Mergers and Acquisitions
S-123 86 Farsta, Sweden
Attention: Michael Grant, Senior Vice President
E.M. Warburg, Pincus & Co., LLC
466 Lexington Avenue
New York, New York 10017, USA
Attention: Stephen Distler
JPMorgan Chase Bank
125 London Wall
London EC2Y 5AJ
Attention: Chris S. William
Dear Sirs:
Reference is made to the Restructuring Agreement, dated March 5, 2002
(the "Restructuring Agreement"), entered into among the Company, Netia South Sp.
z o.o., Netia Telekom S.A., Netia Holdings B.V., Netia Holdings II B.V., Netia
Holdings III B.V., the Consenting Noteholders Signatories thereto, JPMorgan
Chase Bank, Telia AB (publ.), Warburg, Pincus Equity Partners, L.P., Warburg,
Pincus Ventures International, L.P., Warburg, Pincus Netherlands Equity Partners
I, C.V., Warburg, Pincus Netherlands Equity Partners II, C.V., Warburg, Pincus
Netherlands Equity Partners III, C.V., and Warburg Netia Holding Limited. This
letter agreement is being entered into immediately after the Restructuring
Agreement and capitalized terms used but not defined herein shall have the
meanings given to them in the Restructuring Agreement.
This letter agreement sets forth the agreement of the parties to the
Restructuring Agreement that the Company and the Committee are hereby given the
authority to amend Section 2.1(a) of the Restructuring Agreement by granting the
Company and the Committee the approval to mutually agree to lower the percentage
of Consenting Noteholders from the 95% referred to in that Section 2.1(a) to
such lower percentage of Consenting Noteholders not below 80%. If the Company
and the Committee shall mutually decide to lower the percentage as permitted
herein, they shall give written notice thereof to the other parties to the
Restructuring Agreement.
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[LETTER AGREEMENT SIGNATURE PAGE]
This letter agreement may be executed in one or more counterparts,
each of which taken together shall constitute one and the same instrument.
Sincerely,
NETIA HOLDINGS, S.A., on behalf of
itself and the other companies in the
Company Group
By: /S/ EWA DON-SIEMION
-------------------------------------------
Name: Ewa Don-Siemion
Title: Vice President, Legal
By: /S/ AVRAHAM_HOCHMAN
-------------------------------------------
Name: Avraham Hochman
Title: Chief Financial Officer
Cadwalader, Wickersham & Taft,
on behalf of the Committee
By: /S/ CADWALADER, WICKERSHAM & TAFT
-------------------------------------------
Name: Richard L. Nevins
Title: Partner
cc: Michael Brady, Weil, Gotshal & Manges
Ian Field, Allen & Overy
Jan-Henrik Ahrnell, Telia
Joseph Schull, E.M. Warburg, Pincus & Co.
International Ltd.
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[LETTER AGREEMENT SIGNATURE PAGE]
Acknowledged and agreed as of the date first
written above:
JP MORGAN CHASE BANK
By: /S/ LEE J. FREWIN
-----------------------------------------
Name: Lee J. Frewin
Title: Managing Director
TELIA AB (publ.)
By: /S/ MARIANNE NIVERT
-----------------------------------------
Name: Marianne Nivert
Title: President and CEO
WARBURG, PINCUS EQUITY PARTNERS, L.P.
By Warburg, Pincus & Co., its General Partner
By: /S/ EDWARD MC KINLEY
-----------------------------------------
Name: Edward Mc Kinley
Title: Partner
WARBURG, PINCUS VENTURES INTERNATIONAL, L.P.
By Warburg, Pincus & Co., its General Partner
By: /S/ EDWARD MC KINLEY
-----------------------------------------
Name: Edward Mc Kinley
Title: Partner
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[LETTER AGREEMENT SIGNATURE PAGE]
WARBURG, PINCUS NETHERLANDS EQUITY PARTNERS I, C.V.
By Warburg, Pincus & Co., its General Partner
By: /S/ EDWARD MC KINLEY
-------------------------------------------------
Name: Edward Mc Kinley
Title: Partner
WARBURG, PINCUS NETHERLANDS EQUITY PARTNERS II, C.V.
By Warburg, Pincus & Co., its General Partner
By: /S/ EDWARD MC KINLEY
-------------------------------------------------
Name: Edward Mc Kinley
Title: Partner
WARBURG, PINCUS NETHERLANDS EQUITY PARTNERS III, C.V.
By Warburg, Pincus & Co., its General Partner
By: /S/ EDWARD MC KINLEY
-------------------------------------------------
Name: Edward Mc Kinley
Title: Partner
WARBURG NETIA HOLDING LIMITED
By: /S/ JOSEPH SCHULL
-------------------------------------------------
Name: Joseph Schull
Title: Attorney
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