Changes to Netia's Supervisory Board.Business Editors WARSAW, Poland--(BUSINESS WIRE)--August 3, 2000 Netia Holdings S.A. (Nasdaq: NTIA NTIA National Telecommunications & Information Administration NTIA National Telecommunications & Information Association NTIA National Telecommunications Interagency NTIA National Telecommunications and Information Administration ), Poland's largest alternative fixed-line telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. provider, announced that, effective as of July 20, 2000, three of its shareholders, Dankner Investments Limited, Trefoil trefoil (trē`foil) [O.Fr.,=three-leaf], in botany, name for several plants, chiefly of the pulse family, having trifoliate leaves. Best known of the trefoils is clover. Capital Investors L.P. and Shamrock Holdings Shamrock Holdings is the firm founded as the Roy E. Disney family investment firm and the Disney family remains a key investor. Roy is its chairman, and Stanley Gold its President/CEO. Shamrock owns a number of assets including hotels and radio and television stations. Inc., dismissed their members of the Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. of Netia Holdings S.A. The dismissals result from the expiry of the three shareholders' rights to appoint their representatives to the Supervisory Board following the sale of their shares in Netia to Telia AB (publ.) and Telia Holding Polen AB on July 4, 2000. Following the dismissals, the Supervisory Board of Netia consists of nine members. Kaj Juul Pedersen, the Chairman of The Supervisory Board, comment: "I appreciate the long-term Commitment of Dankner, Trefoil and Shamrock shamrock, a plant with leaves composed of three leaflets. According to legend it was used by St. Patrick in explaining the doctrine of the Trinity; it is now used as the emblem of Ireland. An artificial or real shamrock leaf is customarily worn on St. Patrick's Day. to Netia Holdings S.A. and I thank them for their valuable contribution to the Supervisory Board's strategy and Netia's development." NETIA HOLDINGS is the largest alternative fixed-line telecommunications operator in Poland. Netia has 24 licenses for local telecommunications services in territories covering some 15 million people or approximately 40% of the Polish population. The Company's existing local telephone license territories cover six of the country's ten largest urban areas including Warsaw, Krakow, Poznan, Gdansk, Lublin and Katowice. Netia has also secured the benefit of a nationwide data and IP license to provide data transmission and Internet-based services. In May 2000 the Netia 1 consortium was issued the nationwide domestic long distance voice license. |
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