Warsaw (Puls Biznesu) - Thematic channel, 4fun.tv., which is in the process of collecting money for entering the Czech market, is planning further expansion in Central and Eastern Europe. Nova Communications Group, the channel’s owner, is going to spent PLN 4.08 million (EUR 1.2 million), obtained from the private placement of 4700 shares (19% of the capital), on the development of interactive services and on starting its operation in the Czech Republic. It is likely that the channel will be available through Cesky Telekom cable TV already in November.
However, entering the Czech market is only the first step in the company’s foreign expansion. At the moment the firm is in talks with cable TV, satellite TV and media companies in several countries, e.g. Hungary, Ukraine, Romania, Turkey, Italy and Holland. Within one and a half year, it is going to broadcast in some of them. ‘We want to build a thematic channel with a strong position in Central and Eastern Europe’ explained the company’s president, Dariusz Stokowski. One of the ways of obtaining the capital necessary for further investments taken into consideration is entering the Warsaw bourse.
PLN 1 = EUR 0.25