Netia reports 3Q results; WiMAX deployment scaled back, P4 launch delayed

16 Nov 2006

Polish fixed line telecoms provider Netia has announced that in the three months ended 30 September 2006 it generated PLN230.5 million (USD77.65 million) in revenue, representing a quarter-on-quarter increase of 13% and unchanged on the same period of 2005. Profit for the quarter was PLN17.8 million, down from PLN22.8 million in the same period of 2005.

At the end of September Netia had 400,541 subscriber lines in service, of which 156,888 were business customers. At the same date the company had 50,412 ADSL customers, representing a penetration rate of 13% of its total subscriber base. During the quarter the company signed a bitstream agreement with TP SA and is expecting to launch ADSL services to the incumbent’s customers next month. As a result of its decision to focus on bitstream provision, the company has modified its plans for the rollout of WiMAX services, reducing the number of base stations to be installed by the end of the year from 80 to 50. At the end of September 25 WiMAX base stations had been installed and 700 customers were using the service.

Netia also revealed that its 3G wireless start-up P4 will be delaying its launch until next year as a result of what it describes as ‘excessive delays in obtaining the necessary permits to build the network’.

Poland, Netia, Play (P4)