Multimedia Polska's profits further boosted by on-going TeleNet merger

The figures for 2003 were zł.143 million and zł.3.8 million, respectively. The results do not include the effects of the company's merger with TeleNet, a fixed line telephones operator, which is still being completed. MP encompasses Lorien Investment, Telewizja Kablowa Kwidzyń, Lubelska Telewizja Kablowa and Tele-Top Grupa Multimedia Polska. After the merger with TeleNet the company is planning to enter the Warsaw Stock Exchange. According to Marek Szeliga, MP and TeleNet's former president, the consolidated revenues of the two firms in 2004 amounted to zł.300 million, and in 2005 they should increase to zł.350 million. (Parkiet, p. 6) A.F.