TPSA looks to pump billions of złoty into networks

The funds will be spent on the development of its fixed line network, broadband internet access systems, and expansion of the UMTS mobile network. Company representatives have also revealed that in accordance with the privatization agreement between France Telecom and the State Treasury, the value of the investments will reach a total of zł.20 billion between 2000 and 2005. "The European average of investments in the telecom sector reaches 15-20% of revenues. The same practice will be carried out in TP," said DM BZ WBK analyst Paweł Puchalski. In 2004 the value of the investments amounted to 17.7% of the group's revenues, that is zł.3.3 billion. TP has also appealed against the verdict of the Competition and Consumers' Protection Office, which found that one of its most recent offers would result in services conducted below its real costs. (Puls Biznesu, p. 8) A.K.