Netia Mobile may look for additional investor

The remainder will be raised from suppliers and banks. The company is 30% owned by alternative telecom operator Netia and 70% by Island fund Novator. NM received a reservation of UMTS frequency on Wednesday from the Post and Telecommunication Regulation Office (URTiP). "EUR 300 million will be spent on covering initial registration and operating costs. The contribution of Novator stands at EUR 210 million and EUR 90 million from Netia. These are our total outlays on the activities of the new operator. We might introduce new shareholders to the company," said Wojciech Mądalski, president of Netia and a member of Netia Mobile's supervisory board. He went on to say that NM was still negotiating terms with suppliers which were shortlisted in the tender. The new operator should be running by mid 2006. (Puls Biznesu, pp. 1, 7)