Execution of the contracts with Sferia and Vectra is the first step in the implementation of Mediatel strategy aimed at strengthening the company competence as a new leader in the provision of data transmission services. Scope of the contract concluded with Sferia company, supplier of wireless landline and Internet network, is the creation of framework data transmission network in Gigabit Ethernet technology with the capacity of 1000 Mb/s in the area of Gdansk, Gdynia, Sopot conurbation. Optical fibre resources of Mediatel company and its associates shall be utilized in the construction of the network. Further, by virtue of the contract with Vectra, a telecommunications operator providing access to electronic media, Mediatel undertakes to provide the operator's access to the resources of the Internet with the transfer option of up to 10Gb/s. Moreover, the concluded contract provides for interoperator services with respect to the lease of optical fibres and the lease of space in the Mediatel colocation centre in Warsaw. The contract shall come into effect on 1 September 2009.

 

For the acquisition of shares in Velvet Telecom Mediatel shall pay 2.315 million USD, payable in installments by the end of 2009 and shall issue 275,000 shares of the value of 1 million USD for the Seller. The issue price of one share was set to be 12 PLN. As a result of the execution of the agreement, Mediatel S.A. took over the assets consisting in a modern billing system, telecommunications platform terminating the connections in VoIP technology and also contracts with clients.

 

Acquisition of assets of Velvet Telecom is part of the consistently pursued strategy of the company focusing on expansion through mergers and acquisitions of companies operating in telecommunications industry.