UPC completes resale of Aster cable inrastructure

14 May 2013

US-backed cableco UPC Poland has completed the sale of infrastructure previously owned by Aster to rival cable operator Netia, Broadband TV News reports. UPC signed an agreement to acquire Aster from Mid Europa Partners in December 2010 for PLN870 million (USD259.73 million) but complications, in particular relating to the two companies’ infrastructure overlapping in Krakow and Warsaw, delayed regulatory approval until September 2011. At that date anti-trust authority the Office of Competition and Consumer Protection (UOKiK) green lit the takeover, with the condition that within 18 months UPC resell parts of the Aster network where services had previously been provided by both companies: UPC agreed to the watchdog’s terms and completed the takeover later that year. As previously noted by CommsUpdate, UPC announced in March this year that it had agreed to sell former Aster infrastructure passing some 446,000 homes in Krakow and Warsaw to Netia, although financial details of the deal were not disclosed.

Poland, Aster, Netia, UPC Poland