KPWiG to give Stream Communications IPO clearance

According to unofficial information, during its next meeting on April 22, th e Securities and Stock Exchange Commission (KPWiG) will allow an Initial Pub lic Offering of Stream Communications, a company owned by a Canadian cable T V operator. The company submitted the prospectus to KPWiG last year and anno unced its intention to raise up to $50 million through the flotation. The fu nds will be used for financing the acquisitions of smaller domestic cable op erators. Stream Communications, which operates in Southern Poland, is the co untry's 10th largest cable operator with 40,000 subscribers. The company als o offers broadband Internet access and Internet phone services. (Parkiet, p. 4) A.K.