Netia shares continue to plummet amid investor concerns about funding

The share price of Poland's number two telecom operator Netia fell to almost zl.2.6 during trading on the Warsaw Stock Exchange (WSE) yesterday, before rallying to close 15% down, at zl.3.25. Analysts suggest that investors are nervous about Netia's future funding. According to the Gazeta Wyborcza dail y, Telia of Sweden, which has a 47.4% stake in Netia, failed to provide inv estors with any details of a plan to rescue the company, which has a loan b urden of some zl.3.8 billion. Analysts quoted by Gazeta Wyborcza say that it is almost certain that if in the coming days no substantial information is given regarding financial support for Netia, further significant falls in t he company's share price can be expected. (Gazeta Wyborcza, p. 34; Prawo i Gospodarka, p. 11) P.J.