To: RockyBalboa who wrote (6899 ) 11/24/2000 11:04:22 AM From: Sir Auric Goldfinger Read Replies (1) | Respond to of 19428 Here's a classic arb/spec: FTE US is up 10%, FTE FR up 1.9% while both markets are open on Polish internet access news which Fracne Telecom owns a minority stake in: "Poland's TPSA, Elektrim Join Forces to Offer Internet Services 11/24/0 8:5 (New York) Poland's TPSA, Elektrim Join Forces to Offer Internet Services Warsaw, Nov. 24 (Bloomberg) -- Telekomunikacja Polska SA and Elektrim SA joined forces to offer Internet services as Poland's two biggest phone companies face increased competition from smaller rivals. TPSA, Poland's national phone operator minorit-owned by France Telecom SA, and Elektrim, the country's second-largest phone company, will allow each other to use their networks and work together to offer Internet access, TPSA said in a statement send by e-mail. The link-up comes at a time when competition from smaller companies has intensified. Netia Holdings SA, the nation's No. 2 fixed-line phone company, started its own Internet projects earlier this year, and Softbank SA, the country's No. 2 software maker, has become Poland's biggest private provider of Web access following acquisitions. ``We have obliged ourselves to implement the most advanced technologies enabling the development of the information society,'' TPSA said. Poland is the region's most promising Internet market by size and potential to grow, analysts said. Internet use is expected to double this year to 4 million and triple by 2004. TPSA shares rose 3.5 percent, or 90 grosze, to 25.3 zloty, and Elektrim was up 4.3 percent, or 1.7 zloty, to 41.4 zloty. --Olga Pietkiewicz in the Warsaw newsroom (4822) 520 6180, or at opietkiewicz@bloomberg.net/sk Story illustration: {TPS PW <Equity> GP <GO>} for a graph of TPSA shares performance and {ELE PW <Equity> GP <GO>} to graph the Elektrim's shares.