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TPSA Q3 loss at PLN 720, books PLN 1.1 bln reserves

Published 10/27/2010, 01:30 AM
Updated 10/27/2010, 01:32 AM

WARSAW, Oct 27 (Reuters) - Poland's dominant telecoms group TPSA showed a net loss of 720 million zlotys ($256 million), twice as much as the market expected, as it booked 1.1 billion zlotys in reserves for claims, the company said on Wednesday.

Last month, a Vienna court fined France Telecom's Polish unit 2.9 billion Danish crowns ($543 million) in a dispute about traffic volumes over a fibre-optic network in Poland relating to GN Store Nord's unit DPTG.

TPSA admitted earlier the DPTG claims would have a negative impact on its bottom line in both the third quarter and the full year, as its provisions for the claim were 476 million zlotys short of the fine.

Analysts, who included the claim in their third-quarter estimates for TPSA, on average expected the operator to show a loss of 361 million zlotys.

(Reporting by Adrian Krajewski)

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