Iliad Group made an initial, non-binding offer to Liberty Global to acquire 100% of shares in UPC Polska Sp. z o.o., valued at PLN 7.3 billion, reported P4.
Currently, talks between the parties are underway, but the Iliad Group cannot guarantee that the transaction will be finalized. The result of the talks will be announced at a later date.
As stated, the value of the purchase offer is based on the estimated EBITDA for 2021 in the amount of PLN 782 million.
UPC Polska, part of the Liberty Global group, is a provider of digital cable services: television, broadband Internet and telephony for individual and business customers. At the end of 2020, UPC Polska had 1,525,000 customers using 3,267,500 services (RGU).
Play Communications owns 100% of the shares in P4 (Play), the operator of Play’s mobile telephony. The company was listed on the WSE from July 2017 to April 2021.
Source: ISBnews
