Swedish-based Tele2 investing $50 million into Internet services expansion

Swedish telecom operator Tele2 will invest $50 million to expand its services in Poland. In the first seven months on the Polish market, the company has already launched wireless Internet access services in Warsaw and is now pressing ahead with its plans to provide the same kind of services in Krakow, Gdansk and Poznan in the first half of this month. According to Frederik Nilsson, CEO of Tele2 Polska, the operator has now over 750 institutional clients in Poland and is looking to increase this number to 5,000 by next year. Tele2 was founded in 1993 and is the largest Internet operator in Scandinavia. It is part of Netcom AB holding, which is listed on the Stockholm Stock Exchange and on the U.S.-based NASDAQ. Last year Tele2 generated revenues of $900 million. (Puls biznesu, p.4 )