Polish wireless broadband operator Milmex is planning to launch a WiMAX network using frequencies in the 3.5GHz band later this year, reports Rpkom.pl. Milmex plans to roll out its network in the south and east of Poland, covering suburban areas at first, before expanding into larger towns and cities. Following the initial deployment, the company’s VP Maximilian Bylickiego said that he expects the company to sign up 70,000 subscribers in the first year of operation. The second stage of Milmex’s rollout will increase the number of base stations to 200 and a third phase will see that number increase to 400: the company hopes to add 100,000 new subscribers after the second stage, and a further 200,000 new users following the third. Looking further forward, Bylickiego said that the company would be looking to introduce Long Term Evolution Advanced (LTE Advanced) over the next three to five years.
Milmex expects to see revenues from WiMAX services reach PLN25 million (USD7.929 million) this year, rising to PLN40 million the following year, and around PLN87 million by 2014. Augmenting its income further, Milmex is looking to utilise its wireless internet networks to offer advertising services via digital signs, and to that end plans to install 2,000 monitors in areas such as shopping centres.
Last week, Milmex launched an initial public offering (IPO) on the Warsaw stock exchange, with a view to raising PLN20 million; it is yet to announce whether it reached its target, but said on Friday that investor interest was high. If successful, the company will offer another tranche of bonds in late May and early June, aiming to acquire a total of PLN60 million across all three issuances.