Netia Holdings S.A. provides update on tender offer
WARSAW, POLAND, - November 26, 2001 - Netia Holdings S.A. (the "Company" or "Netia") today announced that as of 5:00 p.m. New York City time on November 23, 2001, a majority in aggregate principal amount of each series of the notes which are the subject of the tender offers commenced on November 8, 2001 had not been tendered. The Company confirmed that the tender offers and consent solicitation remain open in accordance with the terms announced on November 8, 2001. Holders who have tendered their notes following November 23, 2001 (the "Consent Date") will not be entitled to receive consent payments in accordance with the terms of the tender offers.
Copies of the Offer to Purchase, Letter of Transmittal, related documents and any additional information concerning the terms of the tender offer may be obtained from Merrill Lynch the Dealer Manager, c/o Matias Torrellas, Telephone: + 44-207-995-8903 or Jerry Weiss, Telephone: +1-201-671-3507.
Netia is the leading alternative fixed-line telecommunications provider in Poland. Netia provides a broad range of telecommunications services including voice, data and Internet-access and commercial network services. Netia's American Depositary Shares ("ADSs") are listed on the Nasdaq National Market (NTIA), and the Company's ordinary shares are listed on the Warsaw Stock Exchange. Netia owns, operates and continues to build a state-of-the-art fiber-optic network that, at September 30, 2001, had connected 343,634 active subscriber lines, including 93,713 business lines. Netia currently provides voice telephone service in 24 territories through Poland, including in six of Poland's ten largest cities.
This announcement is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any Notes. The tender offer and consent solicitation is being made solely pursuant to the terms of the Offer to Purchase and Consent Solicitation dated November 8, 2001.