No Polish operator show interest in P4 takeover
www.WirelessFederation.com/news: The largest mobile operators of Poland has not shown any interest in taking over smaller rival P4, if the company is put up for sale this year. Cyprus-based fund Tollerton Investments with 50.2 percent and Iceland-based fund Novator with 49.7 percent, the two shareholders of the telco set the sale of the business as an important priority in 2010 for the company’s managers.
The managers have been given stock options that can be cashed only if the company changes its owner and are expected to sell the company by this year. The managers also estimate the probability that the stock options will not be cashed this year at 30 percent.
Poland’s top mobile operator by revenue and market share Polkomtel and other Telekomunikacja Polska have not shown any plan to takeover P4. Even third-largest market participant Polska Telefonia Cyfrowa, owned by Deutsche Telekom has kept its reservations on the takeover plan.
Polkomtel adds 1.37 million customers in H1
Polish mobile operator Polkomtel added 1.369 million mobile customers in the first half of the year, for a total 10.416 million at the end of June. The number was up 32 percent from a year earlier. Some 1.081 million of the additions were prepaid users, taking the total number of prepaid customers to 6.075 million. Contract customers rose by nearly 290,000 to 4.341 million. Revenue for the period totalled PLZ 3.541 billion, while EBITDA rose 2.7 percent to PLZ 1.182 billion. The EBITDA margin fell 4.3 percent to 33.4 percent, which the company attributed to falling prices. Net profit fell 4 percent to PLZ 507 million, hurt by higher depreciation. During the first half, Polkomtel invested PLZ 416 million, almost 50 percent more than in the comparable period last year.
Source- http://www.telecompaper.com
