Novator wants to net more of Netia

Novator, which earlier this month increased its stake in the Polish private telecoms provider, has announced it is interested in buying more shares.

The news comes just a week after it said it had no plans to up its holding in Netia.

"Novator has informed [Netia] that it is considering raising its stake to 33 percent minus one share - conditional upon receiving the approval of the Competition Office to exceed 25 percent," Netia said in a statement.

Earlier in January, Novator raised its stake in the operator to 23 percent by buying shares in a public tender.

After the tender was completed successfully, Novator said that it was satisfied with the size of its stake, and did not plan any more share purchases.

Novator is the majority stakeholder in P4, a joint venture with Netia to create Poland's fourth mobile telecommunication network. (Reuters)