Tel-Energo emerges as probable investor in Internet provider Formus

Telecoms provider Tel-Energo is rumored to have been selected as the new investor for troubled radio-based Internet provider Formus. The Formus receiver is said to have selected an investor to take over the company's assets, based on the responses it received from the 24 candidates to which it sent memoranda. Tel-Energo, which is controlled by the Polish power grid (PSE), was in talks last year with Formus regarding a possible takeover. But the negotiations were halted by then Tel-Energo president Jerzy Urbanowicz. The company's new president, Andrzej Arendarski, appears to be in favor of the idea of an acquisition. Formus' major asset is its radio-based Internet access network, covering Poland's eight largest cities. (Puls Biznesu, p. 3) M.T.K.