Vectra has completed the acquisition of Multimedia Polska for an undisclosed fee and, by doing so, it has become the largest cable operator in Poland in terms of subscriber numbers, overtaking Liberty Global’s UPC Polska.
“The implementation of the transaction allows us a much larger scale of activities – access to a wide customer base and the potential of one of the best and largest fixed telecommunications infrastructures in Poland. Greater investment capacity and managerial talent of the merged entities will translate into the opportunity to offer a more attractive offer to both retail and business customers, which is the merit of this transaction,” said Tomasz Zuranski, President and CEO of Vectra.
Jan Piotrowski, the newly appointed President of Multimedia Polska, added that “the two operators will continue their operational activities without any changes”. However, in due course they will create joint offers.
As reported by Broadband TV News, the Office of Competition and Consumer Protection (UOKiK) has given its approval to the deal on condition that Vectra sells networks in eight cities and gives customers the option to change provider in a further 13. Vectra will now have over 1.7 million subscribers, with its network reaching around 4.4 million homes.
TVN AND LIBERTY GLOBAL EYE POLISH DTH SALE
The owners of the Polish DTH platform Platforma Canal+ are exploring the possibility of an IPO for rights currently held by its minority shareholders.
“Group Canal+ intends to retain its role as the strategic shareholder of ITI Neovision SA regardless of such a process and its actual outcome which will depend on various factors, including market conditions and obtaining the usual consents and approvals,” said DTH platform’s operator ITI Neovision in a statement.
ITI Neovision is majority (51%) owned by Group Canal+, with the remaining shares being held by TVN (32%) and Liberty Global’s LGI Ventures (17%).