Credit Suisse First Boston (CSFB) is finally going to earn fees from a mandate it has held since 2001 when the Polish government sells a Polish zloty 1.5bn (€324m) stake in Telekomunikacja Polska (TPSA), the telecoms operator.

The sale was originally scheduled to take place three years ago but has been postponed several times due to market conditions and changes in government. Last year the government unveiled an ambitious privatisation programme to raise 10bn Polish zlotys by the end of 2003.