T-Mobile looking to snap up fixed line business

German-backed cellco T-Mobile Poland (previously known as Polska Telefonia Cyfrowa, PTC) is looking to acquire a local fixed line operator in a bid to diversify its business. Bloomberg cites T-Mobile Poland CEO Miroslav Rakowski as saying that the company was looking to purchase a company with a ‘big scale of operations’, but declined to specify potential acquisition targets except to note that the number of companies that fit the bill ‘can be counted on the finger of one hand’. Rakowski added that Netia was not on the list of possible targets. The Deutsche Telekom subsidiary also plans to bid for 800MHz and 2600MHz spectrum when the frequencies become available, but said it could not rely solely on traditional wireless services and mobile broadband for future growth. Rakowski clarified that a fixed line business was necessary to reverse a decline in revenues: ‘Operators that lack this second leg will be losing money.’