Netia enters mobile-phone fray with UMTS frequencies

Today the representatives of Netia Mobile, a company controlled by the publicly-listed operator Netia and Icelandic fund Novator, will be granted the guarantee for the UMTS telephone frequencies. Over the next four weeks the new operator will pay zł.345 million for the frequencies. By that time Netia has to sign a contract with Novator and its other partners, which will co-finance the creation of the mobile network. "We know that Netia's share in financing the project is €100 million. At the moment, however, we still do not know how much the consortium is planning to spend on the network construction," said Michał Marczak, DI BRE analyst. Netia Mobile will be able to start using the frequencies July 1 next year. (Puls Biznesu, p. 7)