Netia gets green light for acquisitions

13 Dec 2011

Poland’s Office of Competition and Consumer Protection (UOKiK) has approved fixed line operator Netia’s acquisition of rival telco Telefonia Dialog and corporate provider and wholesaler Crowley Data Poland, for PLN944 million (USD276.4 million) and PLN100 million respectively.

Dialog was bought from Polish mining firm Kombinat Gorniczo-Hutniczy Miedzi (KGHM), which has been intermittently seeking a buyer for the telco since 2006, though the process was put on hold in 2008 in the wake of the global economic downturn. Earlier this year KGHM divested its other telecoms asset, selling its 24.39% stake in cellco Polkomtel as part of a complete takeover by Polish media mogul Zygmunt Solorz-Zak.

Poland, Crowley Data Poland, Netia, Telefonia Dialog