Polsat CEO appoints son to Sferia's management board

Another new member of the management board will be Tobias Solorz, son of the company's shareholder Zygmunt Solorz-Żak, who up to now was working in the marketing department of Cyfrowy Polsat. The famous investor is still waiting for  permission from the Competition and Consumer Protection Office (UOKiK) to take control over the firm in which his current stake stands at 10 percent.

Parkiet has leant that Zygmunt Solorz-Żak is negotiating joint investment in Sferia with Ryszard Krauze. Despite the rapid growth in the number of subscribers, the firm was zł.65 million in the red on revenues of zł.38 million in 2007.

Sources: Rzeczpospolita, Parkiet (M.M.)