<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>15
<FILENAME>u44064ex21.txt
<DESCRIPTION>SUBSIDIARIES OF REGISTRANTS
<TEXT>
<PAGE>   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


</TEXT>
</DOCUMENT>