Centernet wins wireless spectrum; set to become fifth MNO in mid-08

3 Oct 2007

The Polish telecoms regulator UKE has granted wireless frequencies to Centernet, a company owned by high-profile local billionaire Roman Karkosik and his NFI Midas investment fund. Centernet beat bids from existing mobile network operators (MNOs) Polkomtel and Centertel, although no financial details of the award have yet been disclosed.

Centernet plans to launch Poland’s fifth mobile network in mid-2008 and anticipates signing up 200,000 customers within a year of launch and 2.5 million within five. It expects to secure a domestic roaming agreement with one of the current network operators, while it invests in building its own infrastructure. The company has budgeted for investment of between PLN700million – PLN1 billion (USD263 million – USD375 million) in its operations.