Tele-Fonika completes acquisition of Krakow cable firm

Cable company Myslenickie Zaklady Kablowe Tele-Fonika has acquired Krakowska Fabryka Kabli, a Krakow-based cable manufacturer. The renamed company, Tele-Fonika KFK S.A., controls 28% of the market with annual sales of around zl.1 billion. Tele-Fonika, which is valued at zl.150 million, is solely owned by an entrepreneur from the Malopolska voivodship. The company is also attempting to gain full control of Elektrim Kable (EK), which would give it a 63% share of the market. Tele-Fonika currently holds a 75% stake in EK and has called for the remainder of the shares to be put up for sale. (Gazeta Wyborcza, Jan.19-20, p. 29) A.K.