Netia posts 2003 profit and plans further take overs

The company's president, Wojciech Mądalski, announced during a press conference yesterday, that the operator expects many positive results as it is generating a "healthy level of cash" and practically cleared its debts. The operator is showing steady growth through numerous acquisitions, including taking over TDC Internet and El-Net. Netia has also submitted an offer to purchase KGHM's Telefonia Dialog. "Following two smaller acquisitions, we are close to taking over a company which generates around zł.400 million in revenues," said Mądalski. It was not revealed how this potential acquisition would be financed, however, company representatives do not exclude taking a loan for this purpose. (Parkiet, p. 1) A.K.