GTS Polska tidies up its group via merger

By the end of August four companies from GTS Polska, a telecom services provider for the corporate sector, are to be merged into one entity. The president of the group, Andrzej Gradzi, said that the consolidation would allow for the better use of human resources and the capital of the companies which would increase the potential of the consolidated company. As a result of the operation GTS Internet Partners, GTS Pronet and GTS Polska will disappear from the market and their employees, infrastructure and services will be taken over by GTS Polska Holding. However, the new company will not abandon the well recognized Internet Partners brand name, but plans to use it when selling mass services. The financial prognosis of GTS Polska for 2004 envisages a zł.12.6 million EBIDTA on revenues of around zł.105 million. (Puls Biznesu, p.9) E.B.