On the 'Plus' side
The company enjoyed a 22 percent jump in profits to zł.924 million, and plans to improve on these figures in 2005. Last year sales rose 11 percent to zł.5.7 billion but EBITDA dipped 1.2 percent to zł.1.98 billion. Polkomtel expects its number of subscribers to rise from seven to nine million this year.
Polkomtel is ripe for a stock-market flotation. However, its main shareholders, PKN, KGHM, and PSE, need approval from Britain's Vodafone and Danish concern TDC before any IPO could take place. The two companies have 19.6 percent in the company each and have already indicated that they would like to increase their stake in Polkomtel. Between them PKN, KGHM and PSE control 57 percent.
A flotation of Polkomtel would be one of the biggest offerings on the Warsaw bourse with an estimated value of zł.8-12 billion. (Reuters) L.M.
Polkomtel is ripe for a stock-market flotation. However, its main shareholders, PKN, KGHM, and PSE, need approval from Britain's Vodafone and Danish concern TDC before any IPO could take place. The two companies have 19.6 percent in the company each and have already indicated that they would like to increase their stake in Polkomtel. Between them PKN, KGHM and PSE control 57 percent.
A flotation of Polkomtel would be one of the biggest offerings on the Warsaw bourse with an estimated value of zł.8-12 billion. (Reuters) L.M.
