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19 December 2007

Netia acquires 4 Internet service providers


On December 19, 2007 Netia’s subsidiary Lanet Sp. z o.o. with its seat in Wrocław acquired assets of substantial value, i.e., the following shares in telecommunications companies:

Acquisition I:

  • 3,000 shares in the share capital of a company operating under the business name Inet Sp. z o.o. with its seat in Wrocław with the nominal value of PLN 50 each and the total nominal value of PLN 150,000 for all these shares, which represent 100% of the share capital and confer the right to 100% of the votes at the general meeting of shareholders;
  • the total price of all the shares has been set at PLN 950,970 i.e., PLN 316.99 per one share;
  • As of December 18, 2007, the company’s network provided broadband access to 1,257 clients in the town of Brzeg, with approximately 3,460 households passed.

Acquisition II:

  • 42 shares in the share capital of a company operating under the business name Verizone Sp. z o.o. with its seat in Wrocław with the nominal value of PLN 1,200 each and the total nominal value of PLN 50,400 for all these shares, which represent 100% of the share capital and confer the right to 100% of the votes at the general meeting of shareholders;
  • the total price of all the shares has been set at PLN 685,677.42 i.e., PLN 16,325.653 per one share;
  • As of December 18, 2007, the company’s network provided broadband access to 1,040 clients in the city of Wrocław, with approximately 5,470 households passed.

Acquisition III:

  • 60 shares in the share capital of a company operating under the business name Zielona Burza Sp. z o.o. with its seat in Wrocław with the nominal value of PLN 1,000 each and the total nominal value of PLN 60,000 for all these shares, which represent 100% of the share capital and confer the right to 100% of the votes at the general meeting of shareholders;
  • the total price of all the shares has been set at PLN 455,040 i.e., PLN 7,585.00 per one share;
  • As of December 18, 2007, the company’s network provided broadband access to 598 clients in the town of Trzebnica, with approximately 2,430 households passed.

Acquisition IV:

  • 1,000 shares in the share capital of a company operating under the business name 3VNet Sp. z o.o. with its seat in Wrocław with the nominal value of PLN 50 each and the total nominal value of PLN 50,000 for all these shares, which represent 100% of the share capital and confer the right to 100% of the votes at the general meeting of shareholders;
  • the total price of all the shares has been set at PLN 394,450i.e., PLN 394.45 per one share;
  • As of December 18, 2007, the company’s network provided broadband access to 665 clients in the town of Brzeg, with approximately 2,800 households passed.

The acquired companies are service providers offering broadband Internet access to residential clients in the towns of Wrocław, Brzeg and Trzebnica in the Southern Poland. The companies is using FastEthernet technology, which allows for transmission speed of up to 100 Mb/s. As of December 18, 2007, the companies provided broadband access to a total of 3,560 clients, with approximately 14,000 households passed.

The acquisitions represent yet another step of execution of Netia’s strategy aimed at acquiring 1 million broadband customers over the next three years, including consolidation of local Ethernet networks. For the current year, Netia plans to acquire over 210,000 broadband clients, thus becoming the largest alternative telecommunications provider of broadband services in Poland.