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Why Third Avenue Dialed into This Polish Telecom

Third Avenue International Value's Amit Wadhwaney makes the case for Netia, a top-five holding in the portfolio.

Mentioned:

Michael Breen: A new name that we have not talked about and that I am not even that familiar with is Netia. I believe it is a Polish company. Maybe you can let us know about that new addition?

Amit Wadhwaney: Sure. Netia is a Polish telecom company. [It] was conceived during the telecom bubble. They have built Poland's largest fiber-optic network after Polish Telecom. Poland has a very sizable rural population. And, of course, there's not much competition from cable. So this in and of itself is a very interesting idea and a very unique asset.

Michael Breen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.