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Netia reports rise in revenues by 17% in H1′08 (Poland)

  • August 12th, 2008
  • 10:53 am

Polish Operator Netia posted first-half revenues of PLN 481 million, up 17 percent compared to last year. Apart from its sold IVT activities, revenues were up 25 percent to PLN 472 million.  EBITDA improved by 5 percent to PLN 69.2 million, while the margin dipped to 14.4 percent from 28.5 percent a year ago due to higher costs for winning new customers. Netia’s growth plans are fully funded following the sale of the stake in P4. At the end of June, Netia had net cash of PLN 324 million and PLN 275 million in undrawn senior debt. In addition, a further PLN 100 million of debt financing has been arranged to finance the acquisition of Tele2 Polska.

Netia lifts its revenue guidance for the full year from PLN 950 million to PLN 960-975 million, while the EBITDA guidance is maintained at PLN 125 million. The operator anticipated to finish the year with over 400,000 broadband customers, versus 292,470 at the end of June, while the voice subcriber base should grow to over 580,000 from 396,463 at mid-year. Netia cut its planned investment spending this year to PLN 240 million form PLN 280 million, excluding acquisitions, while spending on acquisitions was hoist to PLN 60 million from PLN 40 million due to growing potential pipline for deals. Tele2 Polska is not included in the outlook.

Netia sells P4 stake to Novator, Tollerton (Poland)

  • January 31st, 2008
  • 2:28 pm

Polish operator Netia has agreed to sell its 23.4 percent stake in mobile carrier P4 to Tollerton Investments and Novator for EUR 130 million cash. The price represents a 63 percent premium over the EUR 79.7 million in equity contributed by Netia to P4. Netia expects to complete the deal in the first quarter, meaning it will not participate in expected capital-raising at P4 later this year. Netia announced already in early January that it was considering the P4 stake sale. The cash received will be used to finance its own growth and avoid the need for an equity issue. With the acquisition of Netia’s stake, Novator and Tollerton have full control of P4.

   

Netia considers sale of P4 stake (Poland)

  • January 9th, 2008
  • 2:52 pm

Polish operator Netia is considering selling its stake in mobile operator P4 to finance its growth strategy for the period 2008-2009. The company received on 7 January an indicative expression of interest to acquire the stake. Netia’s management will make an in-depth analysis and choose between divesting the 23.4 percent stake in P4, thereby focusing even more on its broadband activities, or gathering equity financing to support both broadband and P4 development according to the current strategy. Polish mobile operator P4 had over 700,000 subscribers at the start of December, and Netia estimates that its stake in P4 is now worth well over the EUR 79.5 million it contributed to start up the mobile operation. Still, Netia expects that important additional equity contributions and extended stakeholder support will be needed to secure debt financing sufficient to fund P4 through to cash flow break-even. If Netia sells its stake, it plans to still maintain agreements to provide mobile services over P4’s network and for Netia to provide data transmission services to P4.

   

Netia, P4 partner on converged services (Poland)

  • December 10th, 2007
  • 2:13 pm

Polish fixed-line operator Netia has signed a service provision agreement with its affiliate mobile operator P4. The cooperation will concern aspects such as incorporation of P4’s mobile products and services to the offer available to Netia’s clients and the introduction of a joint offer of fixed-line and mobile services. Netia will distribute the new products, under its own brand name.

   

Netia reaches 150,000 broadband customers (Poland)

  • August 30th, 2007
  • 2:35 pm

Polish operator Netia has reached the milestone of 150,000 broadband customers, up from 135,000 in early July. In its latest promotional campaign, which offered services for up to a year free on multi-year contracts, it signed up over 42,000 customers. The company repeated its target for 200,000 broadband users by the end of 2007.

   

Netia Q1 revenue down 6% to PLZ 204.4 million

  • May 17th, 2007
  • 1:56 pm

Polish alternative operator Netia has reported revenue of PLZ 204.4 million for Q1 2007, down 6 percent from Q1 2006 and down 3 percent from Q4 2006. The fall was mainly attributed to weak revenue from wholesale and interconnection services. Data revenues reached PLZ 51.4 million in Q1 2007, up by 46 percent or PLZ 16.2 million from Q1 2006, as direct voice revenues fell by 11 percent or PLZ 11.5 million year-on-year to PLZ 97.5 million. EBITDA reached PLZ 54.6 million for Q1 2007, down from PLZ 58.8 million in Q1 2006. Netia posted a net loss of PLZ 37.8 million for Q1 2007, of which PLZ 25.6 million is attributable to its share in the start-up losses of mobile operator P4. Netia had a total of 101,822 broadband customers at end-March, divided into 62,528 xDSL users over its own network, 35,836 bitstream access users, 2,192 WiMAX internet users, and 1,266 other broadband customers. Netia network subscriber lines reached 398,949 at end-March, versus 406,738 a year earlier. Voice ARPU fell 9 percent year-on-year from PLZ 89 to PLZ 81, with broadband ARPU reaching PLZ 110 in Q1 2007.