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TelForceOne's poor results may make it a take over target

According to market speculation the company might be interesting for Eurotel and Mediatel. "Currently no negotiations concerning a potential sale are under way," said Wiesław Żywicki, deputy president of TelForceOne. After two quarters of the year the firm is getting closer to being zł.3 million in the red, while last year the figure was above zł.3 million in the black.

According to company representatives a slight profit might be posted in Q4 thanks to the restructuring of its troubled subsidy Teletorium, as well as the first results of selling Play services. TelForceOne is also limiting its foreign operations, such as suspending operations in Ukraine and reducing activity in the Czech Republic.

Source: Parkiet

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