The Management Board of Cyfrowy Polsat S.A. (Company) hereby informs that on 30 June 2008 the Company entered into a domestic roaming agreement with Polska Telefonia Cyfrowa Sp. z o.o. (PTC) under which the radio network of PTC can be accessed by users of our Mobile Virtual Network Operator (MVNO) services. Payment for services under this agreement is based on specific rates for: (i) voice services (per minute of connection) and (ii) data transmission (per megabit of downloaded information). Payments under the agreement will be calculated as a product of the minutes of traffic the customers generate (or the volume of data they download) and the rates set out in the agreement. The rates do not differ from market rates. The agreement was entered into for an unspecified term and includes specific termination grounds for both parties.
According to the PTC requirements the agreement includes exclusivity clause and for each breach of this exclusivity clause by us, PTC is entitled to require a penalty fee in the amount set for the year, in which the breach occurred. The penalty fee cannot be lower than PLN 10,000,000.
The agreement is governed by Polish law. The agreement replaces the domestic roaming agreement signed between the two parties on 8 June 2006 (described in details in our Issue Prospectus accepted by the Polish Financial Supervision Authority on 16 January 2008 in chapter 22.4).
The agreement was considered material due to the fact that the value of the agreement for the five year period will exceed 10% of our capital.
Legal grounds: Paragraph 5 sec. 1 passage 3 of the Regulation of the Minister of Finance on current and periodic information to be published by issuers of securities.
raport_biezacy_19_2008_eng.pdf 16.6 KB
