GTI backs down and agrees to Centertel's terms

"A new contract has been signed for an indefinite period of time on conditions set by PTK Centertel," said Centertel's spokesman Jacek Kalinowski. According to the clauses of the agreement, GTI which is owned by Greek Germanos, will only be allowed to sell Idea products and not those of other mobile phone operators in its 117 outlets. "In this conflict GTI was deemed to be a loser. None of the dealers, not even one as strong as Germanos, has ever won against a telecom operator," said a trade representative of one of Centertel's competitors. Consolidated revenues of Germanos in Poland, which sells Idea and Era telecom services, amounted to EUR 60 million in 2004. (Puls Biznesu, p. 9) M.M.