An approach based on percolation theory is associated to the rigorousness of the two-dimensional (2D) model of close-packed, monodisperse, cylindrical emulsions established by Princen, to obtain an equation to model the dispersed-phase volume fraction (phi) dependence of the storage modulus (G') of highly concentrated emulsions. A first-order Taylor expansion of this general percolation model leads to an expression similar to the three-dimensional (3D) model proposed by Princen and Kiss for real polydisperse emulsions, with a more satisfactory derivation of the function E(phi). Finally, the robustness of this model is tested against different experimental data collected from the literature.