Eyeing acquisitions, ATM increases share-issue plan

This is to be achieved through acquisitions. The company is targeting two or three enterprises which had joint revenues of over zł.100 million in 2005. "We will be taking over companies which operate in the technology and telecommunication sectors," revealed ATM's deputy president, Tadeusz Czichon. Although no details were revealed, it is known the acquisitions will cost zł.100 million, while another zł.50 million is to be spent on the construction of infrastructure. Due to these planned expenditures, ATM plans to increase the value of this year's share issue from zł.50-100 million to almost zł.150 million. "We plan to carry it out in the fourth quarter," said Czichon. In Q2 ATM's revenues grew to zł.1.68 million which is 11% more than in the same period in 2005. (Puls Biznesu, p. 8) A.K.