Hyperion logs on to WSE launch

Internet services provider Hyperion plans to go public in the second half of June. The group hopes to raise between zł.30-35 million from the IPO. One third of the funds would be devoted to buying back bonds issued last year. The remaining sum is to be used to add more independent telecommunications providers to the group, the development of infrastructure and implementing new technologies.

"We want to grow in three dimensions - through geographical expansion, increasing the number of subscribers in the areas where we are currently present, and introducing new services," the president of Hyperion, Tomasz Gajdziński said. He disclosed that the geographical expansion will cover the northwestern part of Poland where the Silesian-based company is not yet operating.

Currently the company offers mainly internet and VOIP telephony services. It hopes to offer full triple-play (TV, internet and telephone) services soon. At the same time, the company plans to develop added services such as monitoring buildings, servers with music and games, as well as Video on Demand (VoD). Hyperion has also begun work on introducing new technologies such as Wimax - enabling the creation of wireless computer networks and internet television.

Currently the company has 35,000 subscribers, but by the end of the year it wants to raise that number to 60,000. It also hopes its net profit will reach zł.3.5 million this year. Last year the figure was around zł.1 million.