Netia signs interconnect agreement with TP (material agreement)
The conclusion of the Agreement is the next step in building new relationships between Netia and TP (see also Netia’s current reports dated September 15, 2006 and April 26, 2007).
The rules of interconnection settlements in the Agreement are based on the terms established in TP’s interconnection reference offer approved by the decision of the President of the Office of Electronic Communications (UKE) dated July 4, 2006 (decision No. DRT-WWM-6062-3/05(147)), as further amended by the decision of the President of the Office of Electronic Communications dated August 24, 2006 (decision No. DRT-WOR-6062-3/05/(161)), and are benchmarked to market standards for agreements of a similar type. The full text of the above mentioned decisions is available at UKE’s website: www.uke.gov.pl.
The Agreement is concluded for an indefinite period of time. Due to the fact, that it is not possible to define the exact amount of payments that will result from the Agreement, Netia has estimated the value of the Agreement to be more than PLN 300 million (i.e., an estimated amount of mutual payments, both to and from TP, under the Agreement over a five year period).
The Agreement was classified by the Company as material in view of the fact that the estimated value of the Agreement exceeds 10% of Netia’s equity.
Moreover, on July 5, 2007 Netia received from TP signed copies of several contracts related to the Agreement, which were concluded on June 30, 2007 based on the rules described above and will also become binding as of September 30, 2007. The aforementioned contracts concern the rules of cooperation and mutual settlements between the parties for provisioning: special subscriber services (9xxx-type services), premium-rate services and televoting (0-400 connections); and termination to VoIP subscribers (0-39 connections).
The Agreement and the related contracts will replace all previously binding interconnect agreements between both parties.