Netia shelves acquisition plans and opts for dividend payout

In November last year company president Wojciech Mądalski, announced that such a decision would only be made under the condition that it managed to execute its plans to acquire either Telefonia Dialog or Exatel. Netia also hoped to win the tender for the new mobile phone frequencies. According to analysts, spending the zł.163 million that was originally earmarked for take overs will not block future acquisitions. "Even after the planned dividend payout the company will have zł.150 million in cash. It can take loans for another zł.450 million if a chance to purchase Dialog arises," claims Deutsche Bank analyst, Krzysztof Kaczmarczyk. Despite the fact that most analysts still hope Netia has not given up its plans to consolidate the sector and grow into stronger position, the company's share price fell yesterday by 5%. (Puls Biznesu, p. 10) A.K.