Transmission to the bourse?
George Crowley, CEO of Crowley Data Poland (CDP), announced that his company has been approached by financial institutions in with regard to their IPO, "but we might also use bank loans, private equity funds and own capital," he explained.
CDP is a provider of data transmission-services, voice services and internet access. For the first half of 2007, the company reported revenues of zł.39 million, 16.5-percent higher than the same period last year. Operational profit reached zł.6.57 million, a growth of 43 percent.
"We credit efficient use of our resources and fruitful cooperation with the rest of the telecommunication operators for Crowley's dynamic growth," said Jarosław Roszkowski, president of the company's management board.
The company expects that for the full year 2007 revenues will total to zł.81.2 million, a figure which it plans to double within two to three years.
"For the first time since we entered the Polish market I see a real opportunity for an extremely rapid growth in the telecommunications sector as the market becomes more liberalized," said Crowley.
In H1 CDP enjoyed a stronger position and new high-profile clients in Lublin, Łód and Rzeszów, where the company achieved profitability after 12 months of operations. "We are also enlarging our portfolio of state institutional clients, despite Telekomunikacja Polska being favored in most large public tenders," Roszkowski said.
