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MarketScreener Homepage  >  Equities  >  Warsaw Stock Exchange  >  Orange Polska SA    TPSA   PLTLKPL00017

ORANGE POLSKA SA

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Orange Polska : Poland arrests 2 over spying allegations

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01/11/2019 | 09:56am EDT

Huawei

Warsaw, Jan. 11 2019 (Reuters/NAN) Poland has arrested a Chinese employee of Huawei and a Polish national involved in cyber business on allegations of spying, Polish media reported on Friday.

The arrest is considered as deepening the controversy over Western criticism of the Chinese telecoms equipment maker.

U.S. intelligence agencies alleged that Huawei Technologies Co Ltd [HWT.UL] is linked to China’s government and that its equipment could contain “backdoors” for use by government spies.

No evidence has been produced publicly and the firm has repeatedly denied the claims.

However, the criticism has led several Western countries and companies to look into whether they should allow Huawei’s equipment to be used in their telecoms networks, straining relations with Beijing.

Polish public TV channel TVP said security services had searched the local offices of Huawei and the offices of telecoms firm Orange Polska (OPL.WA) (ORAN.PA), where it said the Polish national works.

China’s foreign ministry said it was greatly concerned by the reports and urged Poland to handle the case justly.

“We are aware of the situation and we are looking into it.

“We have no comment for the time being,’’ Huawei said in a statement.

“Huawei complies with all applicable laws and regulations in the countries where it operates and we require every employee to abide by the laws and regulations in the countries where they are based,’’ it added.

Orange Polska said the security agency had on Tuesday gathered materials related to an employee, whom it did not identify.

The company added it did not know if the investigation was linked to the employee’s professional work and that it would continue to cooperate with the authorities.

TVP said the security services also searched the offices of Poland’s telecoms regulator, the Office of Electronic Communications, however, the regulator denied this.

ACO/AIB

Edited by Abiodun Oluleye/Abdulfatah Babatunde

(c) 2019 News Agency of Nigeria Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ORANGE -0.75% 13.305 Real-time Quote.-5.30%
ORANGE POLSKA SA -2.71% 6.46 End-of-day quote.34.86%
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Financials (PLN)
Sales 2019 11 248 M
EBIT 2019 469 M
Net income 2019 91,9 M
Debt 2019 7 245 M
Yield 2019 -
P/E ratio 2019 64,6x
P/E ratio 2020 31,2x
EV / Sales2019 1,40x
EV / Sales2020 1,36x
Capitalization 8 452 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 6,24  PLN
Last Close Price 6,44  PLN
Spread / Highest target 22,7%
Spread / Average Target -3,12%
Spread / Lowest Target -31,7%
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Jean Francois Fallacher Chairman-Management Board
Maciej Krzysztof Witucki Chairman-Supervisory Board
Maciej Mateusz Nowohonski Member-Management Board & Finance Director
Wieslaw Jan Rozlucki Independent Member-Supervisory Board
Marc Ricau Secretary-Supervisory Board
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