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Czech firm takes Kiwwi

THE CZECH company Globaltel has become the sole owner of the IT firm Kiwwi in both Slovakia and the Czech Republic.

Globaltel bought the stake from the bankruptcy trustee of the mother company Kiwwi CEE Holding on January 18.

The new owner is likely to keep the company's name, however it will expand its services, mainly a high capacity Internet connection. Investments which have to be made to maintain current Kiwwi operations and expand services have been estimated at 5 million euros.

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