Locked content Netia net profit up at PLN 18.8 mln in Q3

Netia recorded PLN 18.83 million of consolidated net profit in Q3 compared to PLN 13.8 million a year earlier, the company said. Operating profit amounted to PLN 23.13 million versus PLN 20.69 million y/y. Revenue grew to PLN 340.83 million from PLN 356.46 million in Q3 2017. In the 9-month period, ...

Locked content Cyfrowy Polsat will buy 58.7 mln Netia shares

Cyfrowy Polsat decided to buy 58.7 million Netia shares from Karswell Limited at PLN 5.77 per share. The transaction will be carried out on October 2. Cyfrowy Polsat will additionally pay Karswell Limited PLN 4.1 million as remuneration for the period between the settlement date of the tender offer ...

Locked content Netia appoints Andrzej Abramczuk as CEO

Netia’s supervisory board appointed Andrzej Abramczuk as the new CEO as of August 18, the company said in a statement. Abramczuk has been a board member at Netia since December 2017. Back in May Katarzyna Iwuć resigned from the CEO post. The supervisory board then named Wojciech Pytel the acti...

Locked content Netia’s CEO resigns

Katarzyna Iwuć has tendered her resignation as CEO of telecom Netia, the company stated. Wojciech Pytla, a member of the company’s supervisory board has become an acting CEO for up to three months. Iwuć did not give a reason for her resignation. CTO of Netia, Stefan Radzymiński also handed in his re...

Locked content UOKiK approves Netia’s acquisition by Cyfrowy Polsat

Poland’s antitrust watchdog UOKiK has approved WSE-listed telecom group Cyfrowy Polsat takeover of another listed operator Netia. Currently, Cyfrowy Polsat owns an approx. 32 percent stake in Netia. It will acquire further 34.24 percent (119.3 million shares),  receiving a controlling interest. Cyfr...

Locked content Netia’s EBITDA down 3.5% y/y in Q1

Telecom Netia posted EBITDA for the first quarter 2018 of PLN 91.7 million, 3.5 percent lower than in Q1 2017, the company stated in a market filing. Adjusted EBITDA came in at PLN 90.7 million, marking a 6.1 percent drop y/y. Revenue amounted to PLN 346.9 million, a 5 percent decline y/y….

Locked content Netia with Q4 loss

WSE-listed telecommunications firm Netia reported a PLN 6 million net loss Q4 compared with PLN 2.38 million profit last year. Revenues dropped by 3 percent to PLN 360.58 million. EBITDA amounted to PLN 91.9 million, down by 9.6 percent y/y. In 2017, the company had PLN 35.5 million, up from PLN 32....

Locked content Cyfrowy Polsat extends tender Netia shares

WSE-listed media group Cyfrowy Polsat extended its tender offer for shares of listed telecom Netia to April 9, as the antitrust watchdog UOKiK sent the case has been entered into the second phase of the proceedings, reserved for more complicated cases. Subscriptions originally were to have ended Mar...

Locked content Cyfrowy Polsat’ Netia takeover under UOKiK scrutiny

The antitrust watchdog UOKiK has extended antimonopoly proceedings on the WSE-listed telecom group Cyfrowy Polsat takeover of another listed operator Netia. The case has been entered into the second phase of the proceedings, reserved for more complicated cases. UOKiK now can conduct, among others, m...

Locked content Netia can book PLN 150.7 mln impairments

WSE-listed telecom operator Netia can include PLN 150.7 mln asset impairment in its 2017 financial results, the company said in a market filing. According to the report, after conducting analyzes and consultations with the auditor, Netia’s management decided that the application of the market ...