Netia to buy TDC Internet Polska for EUR 1,000

Netia is to become the new owner of TDC Internet Polska (TDC IP), an Internet services provider controlled by TDC Internet, the Danish national operator, which is also the owner of a 20% stake in Polkomtel, operator of the Plus mobile phone network. For the transaction Netia is to pay a mere EUR 1,000, an insignificant amount when compared to the zł. 70 million the Danes paid Softbank for TDC IP shares at the end of 2002, and that was much below expectations at the time. The nominal value of the shares Netia is taking over stands at zł. 174 million. "The nominal value does not reflect the real value of these assets. For our company, it is a viable transaction. We may suspect that TDC has a different strategy concerning Poland," explained Netia spokesperson Jolanta Ciesielska. The details of the deal have not been revealed, nor can it be clearly stated what liabilities Netia is taking on with the transaction. Nonetheless, insiders assess it as a good purchase on the part of Netia, which has always been interested in supplying Internet services for business clients. (Puls Biznesu, p. 8) K.Ż.