Creditor tells El-Net to pay up or be declared bankrupt

Financial services company Blue Aries Capital is demanding that independent telecom operator El-Net, belonging to Elektrim Telekomunikacja (ET) be declared bankrupt. "This is the only way to receive our due zł. 26 million from the company," said Blue Aries Capital proxy Krzysztof Popenda. This sum was the debt of the operator to cable producer Tele-Fonika, which afterwards sold the outstanding debt to Blue Aries Capital. "We might be persuaded to cancel our bankruptcy motion, but we demand that our money be guaranteed, and are considering approaching Elektrim in order to receive this. We are not working with anyone who is trying to takeover El-Net," explained Popenda. The court has not yet made any decision about the motion. (Puls Biznesu, pp. 1, 7) M.M.