In Brief: Netia; Prokom-PVT; WP cost cutting; TS presidents charged

Phone operator Netia on Thursday unveiled a five-year strategy to achieve double-digit annual revenue growth by buying up rivals and tightening its focus on business customers, develop services for the lucrative corporate sector including data transmission, Internet and broadband services. Netia is interested in buying Tel-Energo, an operation which recently acquired Telbank. (Reuters; Parkiet, p. 3) ... A Prokom-led consortium has confirmed information concerning its purchase of Czech IT company PVT for $57.6 million. Prokom will control a 25% stake in PVT, gaining a share in the Czech IT sector a year before EU enlargement, which will bring about numerous contracts. (Puls Biznesu, p. 9) ... One of top Internet portals, Wirtualna Polska (WP), plans to lower its costs this year to zł. 26 million and record revenues of zł. 40 million. Restructuring has already cut costs from zł. 62 million in 2001 to zł. 38.4 million in 2002. (Puls Biznesu, p. 8) ... The prosecutor's office, after charging the former Totalizator Sportowy (TS) president, Władysław J., of harming the company's financial situation, has now accused his predecessor, Sławomir S., for causing financial damages to TS totalling zł. 250,000. Sławomir S., has denied the charges. (Puls Biznesu, p. 1) A.K.