ComArch's international fortunes blossom as Interia takes a tumble

Krakow-based IT company ComArch, has decided to create reserves to cover present and future losses in the share value of its Internet portal Interia. As a result of this move ComArch's half-year net profits dropped to zl. 1.28 million. ComArch's subsidiary, Miami-based ComArch Global has signed a deal with the Nicaraguan National Telecom Operator to install a network management system. "This is another important step in developing our international reach. This contract greatly strengthens our standing on the other side of the Atlantic," ComArch deputy president Christophe Debou said. ComArch is already present on the Middle East and U.S. markets, where it is negotiating contracts with national and local telecom operators. The Polish company is partially owned by Swedish telecom operator, Telia Sweden. (Parkiet, p. 5) M.M.