The current debt Netii is about 200 million rubles, but will grow in the fourth quarter – the Banker

Current Netii net debt is at about 200 million UAH. however, the trend of reducing capital costs will not continue in the fourth quarter, which will lead to an increase in debt. Netia will observe the process of Media capture via UPC – said at a meeting with analysts and journalists, representatives of the company.

Netia today announced results for the third quarter. After nine months of 2016. the group’s capital expenditure amounted to 152 million rubles compared to 166 million rubles in the same period of 2015.

“Capex decreased by nine months, but you can’t assume that this is a sustainable trend. A lot of investment going on in IV quarter I Can say that today the net debt is at about 200 million UAH. Because we expect high-cost, year-end debt will increase,” she said at a meeting with analysts and journalists Catherine Iwuć, member of the management Board on financial matters.

the company’s net Debt at the end of September amounted to 250 million rubles.

Netia recently started replacement network in twelve cities. The company on investments in network infrastructure access 2016-2026 years for its comprehensive upgrade to the standard NGA (eng. next-generation access), providing data transfer speeds higher than 100 Mbps, is planned to allocate a total of approx. 417 million rubles in 2016-2020.

during the conference the company’s CEO Tomas Raccoon said that before the end of the year, the company wants to connect about 100 thousand households to the network of a new generation.

Recently, the shareholders of Multimedia Poland signed the agreement, the contract of purchase and sale of 100 percent. shares of Multimedia Poland for 3 billion rubles in favor of UPC Polska. Final conclusion of the contract of purchase and sale of shares occurs under condition of granting by the Chairman of the office for Protection of Competition and Consumers, permit the implementation of concentration.

President Netii when asked if the company would be interested in buying parts of the network, the merger, if it would be a condition UOKiK said:

“If this type of situation, definitely we will back to watch. If the proposal will appear to be attractive, we will analyze”.(PAP)

gsu/ Ana/