Netia throws its hat in the latest GSM/UMTS bid

Independent telecoms operator Netia has confirmed that it is interested in the available GSM and UMTS frequencies and it intends to bid in two parallel tenders. Company president, Wojciech Mądalski, has disclosed that the operator is looking for potential investors. "It must be an important player on the international market, with big ambitions, which would want to enter the Polish market and would have the financial possibility of doing so. We have to realize that the likely investment cost in the case of UMTS is at least EUR 1 billion," he explained. Mądalski does not exclude the possibility of a new shares issue if the situation requires it. (Parkiet, p. 6) A.F.