The shareholders of Multimedia Poland sold 100% of the shares in favor of UPC – Election.biz

Moscow, 19.10.2016 (“war and peace – the Shareholders of Multimedia Poland has concluded a preliminary contract of sale 91 764 808 shares representing 100% of the share capital of the company, in favor of UPC Polska. Final conclusion of the contract of purchase and sale of shares is subject to the issuance by the Office of Protection of Competition and Consumers (UOKiK) permit the implementation of concentration, as it would cause the organization, its area covering more than 4 million households and firms, said Media.
“Multimedia Group Poland was valued in the transaction of 3 billion zlotys (enterprise value). The final price will depend on the level of basic operational and financial business telecommunication services (RGU, revenue, EBITDA) on the closing date. The evaluation was made on the basis of the results of the business of telecommunication services in 2015. The deal includes the sale of business services that are not included in the activities of the telecommunications Group, i.e. energy, gas, and insurance. The calculation of the transactions will occur in cash”, – stated in the message.
Connected face covers with its range of more than 4 million households and businesses – will be able to compete effectively with other large players in the market, it is noted.
On June 30, 2016. in the range of a network UPC Polska were 3.1 million households in Poland, with UPC services were used by 1.4 million customers, who purchased a total of 2.9 million of services; whereas in the area of Multimedia networks Poland was 1.6 million households, services MMP was used by 0.8 million customers who have purchased a total of 1.6 million service are also given.
“As Media, we always wanted to be an important element of large-scale consolidation in the Telecom market. As, according to my, as the present owners of the Media Group, Russian Telecom market has exhausted the easy formula growth. The increasing demands of our customers require substantial investments which can only be realized through large companies with the distance of the national and global levels, having access to adequate financing and the latest technology. The fragmented cable market requires further consolidation of efforts in order to achieve synergy that will allow further investment, with very high competitiveness in this market. In my opinion, is the only way to maintain a high pace of investment in infrastructure and, consequently, will always be useful to consumers,” commented Chairman Andrew Rogowski, cited in the message.
UPC Polska ” – the largest operator of cable networks in Poland, whose networks include the 3.1 million households in Poland.
Media Poland is the third largest cable operator in Poland, whose networks include 1.6 million households.
(“war and peace