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Profinet misses first UMTS payment

Profinet, the third firm to be awarded a third-generation mobile operating license after incumbents Eurotel and Orange, has failed to pay the first installment of Sk500 million ($11 million) for the state-issued permission. The firm, whose financial backers are not known, says it is still in negotiations with an investor.

If the sum is not paid within a term set by the Telecom Office, Profinet could forfeit the license.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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