1 EXHIBIT 21

   1
                                                                      EXHIBIT 21


                                  SUBSIDIARIES

GUARANTOR: POLSKA TELEFONIA CYFROWA Sp. z o.o.

           PTC INTERNATIONAL FINANCE B.V., a private company with limited
           liability organized under the laws of The Netherlands.

           PTC INTERNATIONAL FINANCE (HOLDING) B.V., a private company with
           limited liability organized under the laws of The Netherlands.

           PTC INTERNATIONAL FINANCE II S.A., a societe anonyme (limited
           liability company), organized under the laws of Luxembourg.


ISSUER: PTC INTERNATIONAL FINANCE II S.A.

           NO SUBSIDIARIES