7bulls.com and TU Mobile form limited liability TU 7Mobile for UMTS license

Joint stock partnership 7bulls.com has announced that it has signed a preliminary agreement with Italy-based TU Mobile in which both companies agree to "cooperate in order to acquire a third generation mobile phones UMTS license." The firms have created a limited liability company TU 7Mobile in which both sides hold one third of the shares. The remaining stake will be offered to potential investors interested in participating in the venture. As reported by 7bulls.com president Hubert Rutkiewicz, TU 7Mobile has zl.100,000. in capital. A month ago TU Mobile failed an attempt to acquire an UMTS license in Italy. (Gazeta Wyborcza, p.23)