The owner of UPC cable network, the company Liberty Global, is in advanced talks on a takeover Multimedia – handed “Puls Biznesu”, relying on information from five independent sources. After the merger of cable would create a giant controlling half of the market and reaching 2 billion zł revenue.
As reported by the newspaper, the contract is no longer to be ready and waiting for the signing. Neither the representatives of Liberty Global, or Multimedia do not comment on the case. “Puls Biznesu” reminds at the same time, it is not the first approach to the sale of shares in Multimedia. Three years ago, they were to be conducted similar conversation, but then there has been no agreement.
It is also unclear what the planned merger would say Polish antimonopoly office. Combining Multimedia and UPC would create a company with 2.2 billion zł revenue and 2.2 million customers. Will focus half of the cable market in the country.
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