Elektrim goes online by creating an internet subsidiary

After April's spate of internet company acquisitions Elektrim S.A. created Elektrim On Line, a unit responsible for the company's internet projects. To coordinate the activity of El-Net, PTC, Polish Phonesat and Aster City and manage the recently purchased Inter Net, NASK Service, CT Creative Team, AGS New Media and Easy Net Elektrim On Line will provide internet access services, e-commerce and online business assistance. Elektrim On Line executive Thomas Kolaja says the company is not planning to build a portal saying it will not yield immediate profits, however it will pursue an internet company acquisition strategy. Competitors such as Prokom S.A. and Telekomunikacja Polska S.A. (TPSA) have also created internet subsidiaries which are to be floated on the stock exchange. Elektrim however remains cautious and wants to build the company's real value prior its listing. (Puls Biznesu, page 3) P.S.