Poland’s leading alternative telco Netia has signed a preliminary agreement to buy 100% of shares of TK Telekom from the PKP Group.
The deal, worth PKN221 million (€54.5 million), will be financed through existing credit lines and is subject to clearance from the competition authority UOKiK.
It will also require the approval of a general meeting of PKP’s shareholders. Once given the all clear, it will increase Netia’s infrastructure by 11% – TK Telekom currently has a 7,500km fibre network – and business client base by more than 28%.
Besides providing IPTV services, Netia is a recent entrant to Poland’s cable market, having acquired some former Aster networks from UPC Polska.