Telefonia Dialog to merge with restructured Netia and work with Tel-Energo

Copper concern KGHM, owner of Telefonia Dialog, intends to merge the o perator with Netia after Telefonia's liabilities undergo restructuring. "The consolidation strategy prepared by our consultant will be approved by the board in November, currently it is being presented to banks Pekao and PKO BP," said KGHM deputy president Andrzej Szczepek. Netia is putting the final touches to restructure its debts, which should be completed by the end of the year. Following that, Netia's creditors will have at their disposal a 91% stake of the operator. Additionally, Telefonia Dialog has announced that it has signed a contract with Tel-Energo, under which both companies will start cooperation on leasing the nationwide fibre optic network. Tel-Energo has just launched the consolidation of telecommunication assets partially owned by the Treasury. (Puls Biznesu, p. 8) A.Z.