Maxcom S.A. entered into an agreement to acquire 32% stake in COMTEL Sp. z oo for PLN 1600.

MaxCom SA is a Poland-based company primarily engaged in the manufacture of consumer electronics. The Company focuses on the design, production and sell of mobile phones and other handheld devices under the Maxcom and Motorola brand name. Its product range includes mobile and fixed phones, Global Positioning System (GPS) navigation, baby monitoring systems, as well as walkie-talkie type of private mobile radios (PMRs), among others. The Company's mobile telecommunication devices are distributed within a number of categories, such as Comfort, Classic, Rugged and Smart. The Company also offers waterproof devices and product line for seniors. It operates after-sales service points across Poland.