Eurotel plans Q3 bourse debut to fund acquisitions

"The debut is planned for the end of the third quarter," said Krzysztof Plachta, president of Eurotel. Currently the firm has 50 outlets, but the figure should double by the end of the year, as proceeds from the flotation will be designated for taking over competitors selling services of PTC. "We intend to take over networks with at least a few dozen outlets," said Plachta. Eurotel operates throughout the whole country, but most of its outlets are located in northern Poland, and thus it is interested in strengthening its standing in other parts of the country. Part of the IPO's proceeds will be designated for a new IT system and organic growth. In 2005 Eurotel posted zl.1.5 million in net profit on revenues of zl.40 million. (Parkiet, p. 10) M.M.