Netia reports 2Q results; plans P4 launch in 4Q

11 Aug 2006

In the three months ended 30 June 2006 Polish telco Netia reported a 9% year-on-year decrease in revenues to PLN203.3 million (EUR50.3 million); revenues from business customers accounted for 75% of the total. EBITDA was PLN58.4 million in the second quarter, representing an EBITDA margin of 28.8%. Net loss for the period were PLN12.8 million. At the end of June the company had 404,451 subscriber lines in service and 46,566 ADSL connections.

Having been awarded spectrum in the 3.6GHz-3.8GHz range in late 2005, Netia has launched a large scale commercial WiMAX trial using seven base stations; the company expects to have a launched services in 20 cities by the end of August, with a goal of 80 base stations in situ by the end of the year. As it stood at the end of June, Netia had 100 WiMAX customers. Meanwhile Netia’s wireless arm, P4, is preparing for launch in the fourth quarter; Huawei is currently rolling out its network and in June the company signed a national roaming agreement with Polkomtel.

Poland, Netia, Play (P4)