Development of Marketplanet not going as planned

The capital of Internet platform operator Otwarty Rynek Elektroniczny (ORE) will be not increased to zl. 90 million in this quarter, as had been earlier announced by Telekomunikacja Polska S.A. (TPSA). German software giant SAP and Polish leading software company Prokom still plan to invest in ORE this quarter, although so far the two potential investors have not bought any shares in the company. A subsidiary of TPSA, ORE operates Marketplanet, an Internet platform for B2B commerce. Currently, only TPSA has paid into ORE's share issue, investing zl. 35 million in the company, and neither of the two banks which had intended to participate in the investment will do so. "We plan to complete negotiations with partners concerning capital investments in ORE soon, certainly this quarter," said ORE Chairman Konrad Makomaski. He explained that delays in investments should not be blamed on conflict between the partners, and that Prokom and SAP are still interested in purchasing shares. According to Makomaski, TPSA saved as much as zl. 120 million in 2001, thanks to transactions carried out via Marketplanet. (Puls Biznesu, p. 3) M.T.