Solorz-Zak plots path for Polkmotel

28 Jul 2011

Polish media mogul Zygmunt Solorz-Zak, has announced plans for close cooperation between two of his companies, satellite TV operator Cyfrowy Polsat and newly acquired cellco Polkomtel. The companies will remain separate entities, but Polkomtel will have access to Polsat’s programme library, and will in turn sell receivers for Polsat’s pay-TV services. Polsat estimated that pay-TV market saturation in Poland was around 72% in 2010, . In an interview with local newspaper Gazeta Wyborcza, Solorz-Zak, whose purchase of Polkomtel is still awaiting approval from Poland’s regulatory authorities, ruled out any more acquisitions in the near future, but re-affirmed plans to invest in the development of fibre and cable networks.

As reported by TeleGeography’s CommsUpdate, Solorz-Zak secured Polkomtel with a bid of PLN15.1 billion (USD5.5 billion), outbidding Apax, Telenor and Bain Capital.

Poland, Cyfrowy Polsat, Plus (Polkomtel)