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4-Traders Homepage  >  Equities  >  Warsaw Stock Exchange  >  Orange Polska SA    TPSA   PLTLKPL00017

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Telekomunikacja Polska SA : Insurance against job loss for Orange customers

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10/09/2013 | 05:37am EST

Orange subscribers may now take advantage of insurance against loss of permanent source of income and temporary unfitness for work. The money received from the insurance may be used for any purpose. Orange is the first mobile carrier offering its customers such insurance.

In case of loss of permanent source of income or temporary unfitness for work, customers covered by the insurance will receive systematic payments which will enable them to maintain financial liquidity and settle liabilities. Customers may receive up to 6 such payments in the 12-month insurance period.

Insurance is available in two variants which vary in the amount of the chosen benefit and the sum insured. In the first one, the payments amount to PLN 1,000 monthly, in the second one - to PLN 1,500. Payments may not exceed PLN 12,000 or PLN 18,000, depending on the chosen option.

Protection begins immediately after taking out insurance since there is no waiting period, which usually lasts for several months. Monthly premiums of PLN 19 or PLN 24 are automatically added to the invoice for telecommunications services to ensure protection continuity.

Customers may use the received money for any purpose: e.g. rehabilitation, treatment, adapting the apartment to the new situation. They may also use them to compensate for financial consequences of temporary unfitness for work or loss of permanent source of income.

Insurance against loss of permanent source of income and temporary unfitness for work has been prepared in cooperation with TU Europa SA.

For details, please go to www.orange.pl or call us at (+48) 501 030 030.

***

Wojciech Jabczy

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Financials ( PLN)
Sales 2016 11 468 M
EBIT 2016 484 M
Net income 2016 122 M
Debt 2016 6 882 M
Yield 2016 4,93%
P/E ratio 2016 75,70
P/E ratio 2017 115,40
EV / Sales 2016 1,19x
EV / Sales 2017 1,21x
Capitalization 6 785 M
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Mean consensus HOLD
Number of Analysts 17
Average target price 6,10  PLN
Spread / Average Target 18%
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Jean-François Fallacher President-Management Board & CEO
Maciej Krzysztof Witucki Chairman-Supervisory Board
Marie-Christine Lambert Member-Supervisory Board
Wieslaw Rozlucki Independent Member-Supervisory Board
Marc Ricau Secretary & Member-Supervisory Board
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