PPWK prepares for take overs in the telecoms sector

Yesterday it announced it was taking over Eltrix, a Gdańsk-based provider of VoIP services, and said it had a short-list of more than 10 potential targets in various segments of the telecoms market. At least several deals could be completed before the end of the year, a PPWK representative said, adding, "Among the companies we identified for takeover talks are providers of value-added mobile services and VoIP providers." PPWK wants to transform itself into a holding company with a strong telecoms business, allowing it to broaden the range of services it offers. The company already owns El2, provider of added-value mobile services. PPWK also wants to expand eastwards and is looking at Ukraine as its immediate goal. "It is a market that is developing in a similar manner to the Polish one, making it predictable," says Grzegorz Esz, PPWK board member. Esz, who was the architect behind the success of the Heyah mobile brand, has been instrumental in developing PPWK's revamped strategy. (Puls Biznesu, p. 6) R.M.