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05 February 2001
Netia receives ten-year deferral on EUR 44 million in licanse payments
WARSAW, Poland - February 5, 2001 - Netia Holdings SA (Nasdaq: NTIA, WSE: NET), Poland's largest alternative fixed-line telecommunications services provider, today announced that, pursuant to a regulation issued last year applying to operators in local license territories, the Polish Ministry of Communications has granted Netia a right to defer part of its outstanding license fee payments until the end of 2010.
The deferrals, amounting to a total of EUR 44 million (or approximately $41 million), which have been granted to Netia subsidiaries holding local voice licenses, represent a very positive development from a cashflow standpoint. The freed-up resources will strengthen the company and support Netia's continued development as Poland's best provider of telecommunications services in the country's ten largest urban areas.
NETIA HOLDINGS is the largest alternative fixed-line telecommunications operator in Poland. Netia has 24 licenses for local telecommunications services in territories covering some 15 million people or approximately 40% of the Polish population. The Company's existing local telephone license territories cover six of the country's ten largest urban areas including Warsaw, Krakow, Poznan, Gdansk, Lublin and Katowice. Netia has also secured the benefit of a nationwide data and IP license to provide data transmission and Internet-based services. In May 2000 the Netia 1 consortium was issued the nationwide domestic long distance voice license.