Szeptel to double revenue, turn a profit, merge with Telbank and go public

Szeptel, the Szepietow-based telecoms operator, which is currently constructing an zl.80 million fiber optic network in Eastern and Southern Poland, is hoping to finalize a merger with Telbank, a data transmission company. Szeptel vice-president, Andrzej Wyszynski, says the company hopes to double its revenue and break into net profit. "Consolidation with Telbank is inevitable," said Wyszynski. The merger would mean that thanks to Szeptel, Telbank would become publicly traded. The joint company could enter the planned Krajowa Grupa Telekomunikacyjna (KGT), which would be created by merging State-owned companies and be an alternative to Telekomunikacja Polska (TPSA). (Puls Biznesu, p. 5) M.T.K.