PKP to sell TK Telekom

20 Feb 2014

The Polish government is making preparations to sell fixed line telco TK Telekom, part of state rail operator PKP Group, TMT Finance writes. Ahead of the sale, PKP plans to spin off non-telecom activity from the business and has divided the telco into four separate divisions, two of which, handling maintenance and construction for the firm, will be transferred to other companies before the end of March 2014. The remaining segments of TK that will be up for grabs include the telco’s 6,000km fibre-optic network, deemed to be the most valuable element of the business and expected to draw bids from the likes of Netia and Deutsche Telekom. PKP attempted to sell the company in 2012 but despite offers from Netia, GTS, Hawe and Sferia, bids did not pass the PLN400 million (USD132.15 million) mark sought by PKP.

Poland, TK Telekom