Polish telco Netia’s CEO Miroslaw Godlewski is quoted in the local press as saying that he is interested in buying Telefonia Dialog, the wholly-owned subsidiary of copper producer KGHM Polska Miedz. Godlewski stressed however that the acquisition is not crucial for Netia’s strategy. Last week KGHM’s CEO Herbert Wirth said his company would like to sell Dialog to a strategic investor instead of floating it on the Warsaw Stock Exchange.
According to TeleGeography’s GlobalComms database, Telefonia Dialog (formerly Telefonia Lokalna) was established in 1997 and is currently the third largest telco in Poland in terms of local access lines, with a market share of 4.4% at the end of 2008. Dialog is a regional telco, providing services mainly to the southwestern part of Poland, although it also provides services in several other large cities outside of this region. In total, the Dialog network footprint covers a population of three million; the company supplements its own network by leasing lines in areas where it has not installed infrastructure. Aside from offering local access services, Dialog offers a range of indirect voice telephony services, as well as broadband ADSL and IPTV.
Telefonia Dialog has been wholly owned by KGHM Polska Miedz since 2000. In October 2006 KGHM formally cancelled plans – announced a year earlier – to sell Telefonia Dialog. A year later – in October 2007 – it was reported in the local press that KGHM was planning to list Telefonia Dialog on the Warsaw Stock Exchange and two months later KGHM confirmed an IPO would be held in the first half of 2008, with the aim of lowering the conglomerate’s holding to no less than 65%. However, following the global economic crisis, in October 2008 the mining company said it would delay the IPO until the global economy picked up.