Netia sets price for its Polish offering
WARSAW, Poland - June 1, 2000 - Netia Holdings SA (Nasdaq: NTIA), Poland's largest alternative telecommunications services provider, today announced that the offering price of its American Depositary Shares was set at USD 25 per ADS. Simultaneously, the offering price in the Polish equity transaction concurrent to the ADS offering was set at PLN 110.
NETIA HOLDINGS is the largest alternative fixed-line telecommunications operator in Poland. In March 2000, Netia won the tender for the Warsaw voice telephony license. Including Warsaw, Netia has 24 licenses for local telecommunications services in territories covering some 15 million people or approximately 40% of the Polish population. The Company's existing local telephone license territories cover five of the country's ten largest urban areas including Krakow, Poznan, Gdansk, Lublin, Katowice and several territories surrounding the city of Warsaw. Netia has also secured the benefit of a nationwide data and IP license to provide data transmission and Internet-based services. In May 2000 Netia 1 consortium was issued the nationwide domestic long distance voice license.