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 approved under EC Treaty state aid rules a Latvian support scheme to stabilise financial markets by providing guarantees to eligible banks to ensure their access to financing.
more »
Gathering in Beijing, China's political elite gather to celebrate three decades of China's economic reform and market liberalisation.
more »
After two days of intense negotiations, European leaders reached agreement on how to achieve the EU’s ambitious climate change goals and endorsed a €200bn plan to revive the flagging EU economy.
more »
Detroit won't get its bailout, as the U.S. Senate blocked the measure to rescue America's big three car makers.
more »
The world is facing “an acute food crisis”. That was the verdict of a report adopted by MEPs in the Agriculture Committee on 8 December.
more »
The European Commission has agreed a Communication that aims to improve the functioning of the food supply chain in order to lower prices for consumers.
more »
The World Bank's 2009 Global Economic Prospects report is projecting world growth will shrink to 0.9 percent next year.
more »
Prospects for a federal aid package to help the US auto industry advanced on Monday.
more »
A new report from Aite Group LLC explores possible regulatory and legislative responses to the current financial crisis, with particular attention paid to three key topics: consumer lending, risk management and deposit relationships.
more »
A new report from Mercator Advisory Group's Retail Banking Practice focuses on the ATM and the multifaceted role it plays in the retail banking market.
more »