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CYFROWY POLSAT S.A.

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Cyfrowy Polsat S A : Sale of Polkomtel Infrastruktura to Cellnex Telecom has been finalized

07/09/2021 | 02:30am EDT

Polsat Plus Group and Cellnex Telecom have finalized the transaction related to Polkomtel Infrastruktura. As a result, Cellnex Telecom has acquired a controlling stake in Polkomtel Infrastruktura.

The settlement of the transaction and the resulting closing of the transaction and start of a new stage of development of Polkomtel Infrastruktura, which is now under the control of Cellnex Telecom, took place on July 8, 2021. Thanks to the partnership with Cellnex Telecom Polsat Plus Group counts on accelerating the development of 5G technology and the rollout of the fastest, the best and the biggest 5G network in Poland.

Based on earlier information, Cyfrowy Polsat and Polkomtel, who are members of Polsat Plus Group, sold a 99.99% stake in Polkomtel Infrastruktura sp. z o.o. to Cellnex Poland sp. z o.o., a subsidiary of Cellnex Telecom S.A. The transaction included in particular passive and active layers of Polsat Plus Group's mobile infrastructure comprising ca. 7 thousand sites and ca. 37 thousand various on-air systems, as well as the transmission network.

What is worth stressing is that Polkomtel's core network, together with the radio frequencies used for providing services to customers in Poland in the 5G technology as well as the 2G/3G/LTE technologies, remains the property of Polsat Plus Group. The Group and its member company Polkomtel, the operator of Plus network, will continue to offer top quality content and telecommunication services to their individual, business and wholesale customers.

Disclaimer

Cyfrowy Polsat SA published this content on 09 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 July 2021 06:29:08 UTC.


© Publicnow 2021
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Sales 2021 12 357 M 3 159 M 3 159 M
Net income 2021 2 704 M 691 M 691 M
Net Debt 2021 10 127 M 2 589 M 2 589 M
P/E ratio 2021 4,11x
Yield 2021 3,94%
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Last Close Price 33,30 PLN
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Miroslaw Marian Blaszczyk Chief Executive Officer
Katarzyna Sylwia Ostap-Tomann Head-Finance
Zygmunt Jozef Solorz Chairman-Supervisory Board
Marek Kapuscinski Vice Chairman-Supervisory Board
Marek Grzybowski Independent Member-Supervisory Board
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