Tele-fonika to be cable mogul after merger with Krakowska Fabryka Kabli

One of the biggest partnerships in Poland Myslenice-based cable producer Tele-fonika intends to merge with Krakowska Fabryka Kabli S.A. It also intends to transform into a limited partnership but it is not going to enter the stock exchange. Boguslaw Cupial, a businessman from Malopolska, controls Tele-fonika. "The form of a partnership hinders the development of a big firm," said Tele-fonika director general Andrzej Babas. In December 1998, Tele-fonika acquired majority stakes in Krakowska Fabryka Kabli. Currently, it holds 98.5%. After transforming it into a limited liability company Tele-fonika plans to takeover its capital. In this way, the new cable mogul will control around 37% of the market in Poland. (Prawo i Gospodarka, page 3) A.Z.