UPC eyes Multimedia acquisition

11 Jul 2012

US-backed UPC Poland is one of the parties considering snapping up Multimedia Polska when bidding for the cableco opens next week, reports Reuters citing sources close to the deal. Private equity firms Permira, EQT and Mid-Europa Partners are also circling the operator, which is being sold with a price tag of around EUR700 million (USD860.1 million).

As noted by TeleGeography’s GlobalComms Database, consolidation in Poland’s broadband market has seen competition between UPC Poland and Netia intensify as the two jockey for second place in the sector. UPC stole a march on its competitor in mid-2011 when it took over Aster, temporarily snatching the number two spot from Netia. Netia’s acquisitions in the second half of the year, however, saw the operator reclaim its position.

Poland, Multimedia Polska, Netia, UPC Poland