Energis Polska to invest $150 million into telecom network expansion

The third competitor of telecommunications giant TPSA to enter the market, Energis Polska, has announced that it is going to spend as much as $150 million for further development of its telecom network over the next two years. The company began offering long distance telephone service yesterday. Network development will be financed by two British shareholders, Energis and National Grid, who together control 97.5% of Energis Polska's capital. The company has already invested some $150 million into its network. "We would like to direct our services first of all to corporate customers," Energis Polska chairman George Makowski said. Under Energis' billing system, impulses will be calculated every second, starting from the second minute of a connection, and not every minute as the competition calculates its billing. Energis will also offer its customers various discounts. (Parkiet, p. 3) M.T.