Hawe about to conclude big contracts

21-05-2008, 12:24

Warsaw (Puls Biznesu) – Hawe promises several big contracts with telecoms. It wants to acquire one of them in the future.

Hawe plans to focus on telecommunication business. Construction works to build the telecom infrastructure will be the next important business for the company. This is the newest strategy of Hawe already approved by the supervisory board.

“The strategy consists mainly in building fiber optics and leasing them. Hawe will also offer telecom services to other operators”, Marek Falenta, one of Hawe’s biggest shareholders said.

Hawe is leading advanced talks to conclude several contracts to least fiber optics. They are worth over PLN 10m (EUR 2.9m). Thanks to these contracts, the company will realize its forecast of PLN 85m of sales (the company had PLN 3.5m in the first quarter).

Hawe already has 1,200 km of operating fiber optic. It will end the project in 2011. The next stage, financed with funds raised in the issue, will amount to 1,100 km. The whole network is supposed to be 3,700 km long. In its issue prospectus, Hawe has promised acquisitions worth PLN 10m.

“We are talking about an acquisition of a telecom operator owning infrastructure which will fasten the construction of our network”, Marek Rudzinski, Hawe CEO said.

(PLN 1 = EUR 0.296)

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Podpis: MAG

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