Tele2 rings up third loss in three years before future profits

The company recorded a net loss of zł.93.7 million in 2003 and zł.85.4 million a year later. "These were planned losses. Tele2 always takes them into consideration for the first two or three years after entering a new market. In 2006, if we don't have to face a drastic price war, we are planning to record our first annual net profit," added Nesterowicz. However, he went on to say that this might change if the company manages to enter the mobile telephony segment. Tele2 has already refreshed its letter of intent with Netia Mobile, which could open doors to entering the new segment. (Puls Biznesu, p. 6) A.K.