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UPC Poland buys Multimedia Polska for USD 760 mln
2016-10-19 09:36:00| Telecompaper Headlines
(Telecompaper) Liberty Global's UPC Poland has agreed to acquire the cable operations of Multimedia Polska (Multimedia), the third-largest cable operator in Poland, in an all cash transaction valued at PLN 3.0 billion (USD 760 million). The final purchase price will be subject to potential downward adjustments for the operational and financial performance of Multimedia before closing. Liberty Global Mike Fries said the deal will significantly increase the group's scale in Poland, where it is already the largest cable operator. At completion, Liberty Global will begin upgrading the Multimedia network in order to provide faster broadband speeds and the Horizon TV video service. The combined operations of UPC Poland Multimedia will have over 4 million passed homes and businesses.
Tags: multimedia
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Category:Telecommunications