Polkomtel wins new users but is wary of making forecasts

Jarosław Bauc, the new president of the company, does not want to reveal forecasts for 2006 as he is afraid of the effects of anticipated market regulations to be introduced by the Electronic Communication Office (UKE). According to the CEO, the market will grow by 10% to reach 33 million active mobile phones in Poland in 2006. Most likely in 2006 the operator will achieve revenues of zł.7.1-7.3 billion, but it will make investments exceeding zł.1 billion on expanding its GSM and UMTS networks. Despite high investments and falling per capita revenues, Polkomtel's net profit may remain at the level of zł.1 billion. "We are in the process of verifying strategic foundations. We are unsure how our activities will be influenced by the regulations of the telecommunication market," said Bauc. (Puls Biznesu, p. 8) M.M