Bulletin
Netia acquires shares in Uni-Net Sp. z o.o.
WARSAW, Poland – December 27, 2007 – Netia SA (“Netia” or “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, announced that on December 27, 2007 Netia has acquired from Motorola Inc. with its registered seat in Schaumburg, Illinois, USA (the “Seller”) 164,661 shares in Uni-Net Sp. z o.o with its seat in Warsaw („Uni-Net”) with the total nominal value of PLN 8,233,050 that represent 37.8% of the share capital of Uni-Net and empower to 37.8% votes at the general meeting of shareholders of Uni-Net (the „Shares”).
The Shares were acquired on the base of share purchase agreement concluded between the Seller and Netia on December 21, 2007. The purchase price is PLN 7,100,000.
The Shares constitute assets of substantial value, as they represent 37.8% of the share capital of Uni-Net. The assets described above were acquired from Netia’s own resources and constitute an investment of a long-term nature.
As at September 30, 2007, Netia’s most recent reporting date, Netia’s consolidated cash and cash equivalents included PLN 16.4m in the accounts of its Uni-Net subsidiary and the majority of the purchase price is represented by the value of these cash balances.
In the day of the purchase, Netia was a shareholder of Uni-Net with the 62.2% stake in share capital and with the right to 62.2% votes at the general meeting of shareholders of Uni-Net. As a result of the purchase of Shares, Netia will hold 100% of Uni-Net's share capital and 100% votes at the general meeting of shareholders of Uni-Net.