Novator Telecom in league with Netia in GSM bid

It is bidding in the GSM 1800 tender with Netia Telecom - disclosed Novator One major shareholder Thor Bjorgolfsson. Netia estimates the entire project is likely to consume EUR 1 billion, but some of the expenses can also be covered by equipment suppliers, who would receive shares in Netia Mobile rather than payment. Novator on its part, expects a 30% ROE rate and announces it is ready to stay with the project for 10 years, although the usual time-span for their operations is six years. (Puls Biznesu pp. 1, 8) M.G.