Pincus purchases INEA minority stake, will help fund FTTH rollout

26 Apr 2013

Private equity firm Warburg Pincus has announced that it has acquired a minority stake in Polish cableco INEA for an undisclosed fee. Triple-play provider INEA claims to be the fourth largest cable operator in Poland, with 170,000 subscribers on a network that passes 360,000 homes. As a strategic minority investor, Warburg has committed to provide additional funding for growth and consolidation, including financing to support a major expansion of the provider’s access network. The rollout covers the deployment of a fibre-to-the-home (FTTH) network, which will pass 200,000 additional homes and businesses in the Wielkopolska region. Warburg will also support the ‘Greater Poland Broadband Network’ (Wielkopolska Siec Szerokopasmowa), a public-private partnership to install a 4,000km fibre-optic backbone and distribution network that will put 95% of Wielkopolskie homes within 4km of a distribution node. Once completed, INEA’s network will be capable of supplying high speed broadband to more than 500,000 homes across the region.

Poland, INEA