WARSAW, Poland - April 13, 2000 - Netia Holdings S.A. (Nasdaq: NTIA), Poland¿s largest alternative telecommunications services provider, today announced an initial agreement with media holding group EuroZet, to develop a premiere Polish news and entertainment business-to-consumer Internet portal.
EuroZet is the owner of Radio Zet, one of Poland¿s top radio stations, which reaches over 90% of the population. Radio Zet¿s mix of news and music has proved highly popular with urban professionals between the ages of 25 and 44. With a staff of 60 journalists, Radio Zet is one of Poland¿s pre-eminent news sources, providing fast and reliable information and often breaking important stories first. EuroZet also owns advertising, media buying and multimedia production companies which will support the new portal.
The portal joint venture will utilize Netia¿s Internet telecommunications infrastructure connectivity and resources and work with EuroZet to capitalize on the full Internet and business-to-consumer e-commerce potential of its unique and high quality content.
Meir Srebernik, President and CEO of Netia, said, "In line with our Internet strategy, this agreement with EuroZet once again illustrates Netia¿s ability to attract the best partners to strengthen our leadership across the entire telecommunications value chain in Poland. The powerful combination of EuroZet¿s content with Netia¿s connectivity platforms supports our vision of Internetia as the leading Polish Internet service and content provider."
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 February 2000, the Netia 1 consortium was awarded a nationwide domestic long distance voice license.