MNI’s bid to become the leading supplementary telecom services company

The transaction did not come as a surprise, as MNI signed the preliminary contract with LP's owner, Polina Trading Ltd., long ago. The MNI board revealed that they had to take a loan to pay the purchase price in cash, but hopefully it will give them the leading position on the national telecom market of supplementary services. MNI plans to increase its annual revenues by zł.17 million and its net profit by zł.3.5 million and so close 2005 with consolidated revenues of zł.65 million. The company has not revealed its consolidated revenues so far. Last year it earned zł.5 million on an income of zł.36.1 million. Yesterday, MNI's share price rose by 0.2% to close at zł.4.48 (Parkiet, p. 3) J.J.