Netia opens books for three potential buyers

4 Apr 2012

Polish broadband provider Netia is ready to allow due diligence to the three companies reportedly interested in snapping up the operator. According to Reuters, private equity firms Innova Capital, Bridgepoint and Advent International had shown an interest in purchasing Netia, but were yet to start due diligence. Netia strengthened its position as the nation’s second largest broadband operator by subscribers last year when it acquired smaller rival Telefonia Dialog, and Crowley Data Poland. Netia reported full-year revenues of PLN1.62 billion (USD510.7 million) for 2011, up from PLN1.57 billion a year earlier. On the back of its acquisitions, at end-2011 Netia saw its broadband customer base increase by 32.1% year-on-year to 911,570. This included 19,130 WiMAX subscribers and 396,853 subscribers using Netia’s fixed networks. Voice telephony customers increased by 43.2% y-o-y to 1.74 million, of which 33,912 were voice-over-IP (VoIP) subscribers.

Poland, Netia