TPSA puts investments and subscriber numbers first

TPSA has announced its strategy for the next year. It will spend zł. 4.6 billion on investments said chief executive Marek Józefiak. He stated that they plan to attract 400,000 new customers this year, which is more than last year's growth of 360,000. "Our restructuring program has decrease our fixed costs by 10% in comparison to last year. This year they will fall another 10%," added Józefiak. TPSA is not ignoring the development of its mobile phone network, Centertel's Idea, and is hoping to make it the market leader within two years. Centertel plans to increase its the number of subscribers by 1 million this year to 5.5 million. The stress on the number of clients meant that Centertel had to keep up the pace of major investments which gave it a small loss of zł. 69 million in 2002. For 2002 TPSA declared that its net income was zł. 919 million, up 34% on 2001. These figures are based on international accounting standards. (Puls Biznesu, p. 8; www.onet.pl) A.K.