Hawe Telekom, a privately owned Polish company founded in 1990, provides connectivity and distribution services to other telecommunications operators. Employing approximately 40 people, the company's services cater to fixed and mobile phone networks, cable television providers, internet service providers, and other domestic and international telecommunications businesses, including fiber-optic network operators. In 2023, Hawe Telekom's revenue was less than $10 million.
In January, the Polish Industrial Development Agency (ARP) and Hawe Telekom agreed to a deal where ARP would convert Hawe Telekom's debt into equity. The Warsaw Economic Court subsequently approved a restructuring plan based on this agreement. ARP then applied to the national competition regulator UOKiK for permission to take over Hawe Telekom. A meeting of creditors approved ARP's acquisition of a 99 percent stake in Hawe Telekom in exchange for assuming its debts, a decision pending court approval. ARP plans to repay Hawe Telekom's debts to other creditors within three years. Separately, Hawe Telekom reported PLN 43 million in revenue for 2023, an 83 percent year-on-year increase. This included PLN 22.5 million from domestic sales of products and services and PLN 20.5 million from exports. Furthermore, Hawe Telekom initiated a project to deploy a second backbone line to Lithuania, planned for completion in the fourth quarter of 2024.
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Hawe Telekom offers products in the connectivity and cloud industry. Hawe Telekom's product portfolio comprises of enterprise connectivity services.
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Hawe Telekom's revenues were less than $10M in 2023. All the revenue comes from enterprise fibre and private IP.
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