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February 2020 www.intellinews.com I Page 18
Polish broadcast infrastructure company Emitel reportedly planning IPO
Polish broadcast infrastructure operator Emitel is planning an initial public offering (IPO) on the Warsaw Stock Exchange later this year, Reuters reported.
Emitel is majority-owned by the US’s Alinda Capital Partners, which plans to list the company in an offering worth some €150mn, the news agency said, citing “two market sources.”
If executed, Emitel’s IPO would be the first big new listing on the Warsaw bourse in nearly three years and a boost to the WSE’s standing with investors after recent mediocre years with major listings few and far between.
“The IPO would include existing and new shares, while Alinda Capital would preserve its majority stake,” Reuters said.
Emitel's 2018 revenue grew 2.6% to PLN421mn (€98.6mn). The company's Ebitda came in at PLN248mn, an expansion of 5.4%. The net result was a negative PLN136mn.
Russia could exclude foreign IT vendors from critical infrastructure
Russian Federal Service for Technical and Export Control (FSTEK) has suggested banning foreign IT vendors for supplying solutions for critical infrastructure objects, Kommersant daily reported.
Under the amendments proposed by FSTEK, critical networks, information systems of state institutions, banks, military, energy and nuclear energy companies would be considered as critical infrastructure objects.
As reported by bne IntelliNews, because the Kremlin is getting ready to boost leap under the National Projects programme, it is wary
of pouring billions into foreign infrastructure solutions.
For the delayed roll-out of 5G networks, unpopular frequencies have so far been chosen to drive home-made infrastructure development and the use of domestically produced servers only could be enforced.
The amendments proposed by FSTEK risk increasing the prices for IT infrastructure solutions, as well as adversely affecting their quality, experts surveyed by Kommersant warn.
Online sales up 22% y/y in Romania last year
E-commerce turnover in Romania up 22% year- on-year to €4.3bn in 2019.
The turnover of the e-commerce sector in Romania hit €4.3bn in 2019, an increase of 22% compared to 2018, according to GPeC based
on data supplied by major local online retailers members of the Romanian Association of Online Stores (ARMO) quoted by Agerpres.
The turnover includes the purchases of tangible goods made from local and foreign online stores but not including services, air tickets, vacation, travel, hotel reservations or utilities payments.
GPeC is the largest community of Romanian online retailers, set up with the aim of evaluating market dynamics.
“The pace of growth in 2019 vs. 2018 was slower compared to that in 2018 vs. 2017, when the growth rate was about 30%,” the report reads.
Hrvatski Telekom to invest in broadband in Dubrovnik, Osijek
Croatia’s Hrvatski Telekom has signed agreements to roll out high-speed internet in the cities of Dubrovnik and Osijek in the first few days of February.