Centertel predicts continued 50% growth in revenues
Despite losses of zl. 659 million in 2000, PTK Centertel expects to
increase its revenues this year by 50%. The company, jointly owned by TPSA
and France Telecom, plans to take control of one third of the country' s
mobile phone market through its IDEA network. IDEA currently has in excess
of 2 million subscribers, a figure that has doubled in the past 10 months.
The company currently controls 23.8% of the Polish cellular phone market.
Its network is expected to cover 90% of the country and reach more than 97%
of the population. According to president of PTK Centertel, Marek Jozwiak,
the company' s losses last year are explained by the extensive volume of its
investment in network development. Jozwiak elaborated, "The losses were 25%
below what we originally expected." (Parkiet, p.3, Puls Biznesu, p.8) M.
S.-C.
