Polish mobile phone operator Polkomtel is considering floating its shares to finance potential investment in launching UMTS services, the firm's CEO Wladyslaw Bartoszewicz said on Friday.
Published:
21 May 2000 y., Sunday
Poland's telecom ministry plans to hold a tender for four UMTS licenses, setting aside one permit for the state-controlled TPSA. The other two incumbents, Polkomtel and PTC, have said they also want to receive them. Bartoszewicz said he expected Polkomtel to invest up to one billion dollars within the next several years to introduce a UMTS network, which would bring broadband Internet, video and other capabilities to mobile phones and wireless devices.
Bartoszewicz said that Polkomtel's shareholders, which include Britain's Vodafone AirTouch , Danish TeleDanmark , copper firm KGHM , oil group PKN and Polish Power Grid PSE, are discussing a possible initial public offering. He declined to give a date for the potential issue. Bartoszewicz comments, however, clashed with recent statement from the head of KGHM, who said the operator's shareholders did not foresee a public offering for at least the next two to three years.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has today decided to close the formal investigation procedure into the agreement between Bratislava Airport in Slovakia and Ryanair after concluding that the airport operator acted as a market economy investor and therefore no advantage has been granted to Ryanair.
more »
The coffee industry of Jamaica represents one the largest earners of foreign exchange, approximately US$30 million in 2008.
more »
On January 13, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mauritius.
more »
The World Bank's International Development Association and the International Monetary Fund have agreed to support US$1.6 billion in debt relief for the Islamic Republic of Afghanistan.
more »
The Common Agricultural Policy plays a critical role in helping farmers to deliver environmental goods and services, provided that policies are targeted in the right way.
more »
Regional Policy Commissioner Paweł Samecki will meet Croatia's Prime Minister Jadranka Kosor and members of her government in Zagreb on 25-26 January to discuss the country's preparations for accession in the context of the EU cohesion policy.
more »
The World Bank Board of Directors today approved US$20 million for the Dominican Republic in support of the Municipal Development Project, which aims to improve the technical and financial capacity of local governments.
more »
The European Investment Bank (EIB) is lending EUR 400 million to Ford Romania SA for the expansion and refurbishment of the company’s existing car assembly plant located in Craiova in the South-West of Romania.
more »
The Agriculture Council of the European Union has examined ways to improve the functioning of the food supply chain with the ultimate aim of controlling the fluctuation in prices and ensuring a more equitative distribution of the added value throughout the chain.
more »
The European Commission has today approved an application from Lithuania for assistance under the Globalisation Adjustment Fund (EGF).
more »