Budget cuts impact hard on Softbank's CEPiK deal

The initial value of the contract stood at zł.230 million, but now the new plan envisages postponing part of the work until next year. Therefore, Softbank will now not only receive a lesser sum for the contract, but it will also see its payments delayed. This will strongly effect the financial condition of the company, as the CEPiK system was, in addition to a contract with PKO BP, to be the main source of its revenues this year. (Parkiet, p. 1) A.K.