IG looks to professionals for sector investor to help take on the big IT boys

A short-list of potential investors will be ready by the beginning of March 2006. The publicly listed IGroup has been thinking about finding a partner providing telecommunication and IT services for th epast few years. The company conducted negotiations with several firms, but did not manage to forge an agreement with any of them. Meanwhile, the steady consolidation of the telecommunication market is making it extremely difficult for this small independent telecom and IT provider to compete with larger companies from the sector. "FAS Polska is well experienced in servicing companies from our branch and has knowledge about the telecommunication sector. We hope that thanks to our cooperation with the firm we will find an investor faster and more easily than on our own," said Józef Jędrzejczyk, president and the majority shareholder in IGroup. The company's aim is to quickly expand it range of activities. IGroup is also conducting talks with other sector companies concerning operational cooperation. (Parkiet, p. 5) A.F.