Telecom market regulator UKE has rejected a proposed 40% cut in local and
long distance calling rates for TPSA clients opting for free 3 month trial
period of “Rebate Calls” tariff plan, according to today’s ‘Gazeta Prawna’
daily. UKE has accused TPSA of dumping its services in an attempt to
undercut alternative operators, which offer similar services for TPSA clients,
accessible by prefix. ‘Gazeta Prawna’ has proven that UKE has miscalculated
interconnect cost, and actually TPSA would earn profit even after 40%
calling rate cut.
Our view:
UKE ruling puts in question the office’s stated aim of acting in the interest of
consumer. Moreove, it exposes UKE to accusations of running a crusade
against TPSA. Potentially it could lead to removing of political support for
UKE head Mrs. Strezynska. That would obviously be a very good news for
TPSA. We reiterate our Buy rating for the stock.