Skip to content
Advertisement

Business

In Brief: Telecom deadline: Bank of America license; Centra in China

The Infrastructure Ministry will decide today on extending until June the deadline by which independent phone operators must pay the next installment of their license fees. Any such move would be good news for Netia, Telefonia Lokalna and El-Net, which are in a poor financial situation and owe a combined euro 109 million. (Puls Biznesu, p. 4) ... Four companies have submitted offers to purchase Bank of America's banking license in Poland. According to an unofficial source quoted by Rzeczpospolita, one of the interested companies is Commercial Union. (Rzeczpospolita, p. B5) ... Poznan based Centra, Poland's largest car battery manufacturer with 45% of the market, has announced plans to open a factory in Chengdu in central China in April. Company representatives are expecting a rapid increase in sales on the huge Chinese market. (Puls Biznesu, p. 11) A.K.

More from Business All