MP to offload 49.2% stake on Warsaw bourse

Polish triple-play provider Multimedia Polska (MP) is set to sell up to 49.2% of its existing shares on the Warsaw bourse in Q2 2014 in an offer estimated by Reuters to be worth approximately PLN1 billion (USD329.2 million). UBS has been selected as the sole coordinator for the sale, whilst UniCredit and Raiffeisen Centrobank will act as joint leads in the offer. According to TeleGeography’s GlobalComms Database, efforts to find a buyer for MP in 2012 failed despite rumours of potential takeover bids from rivals Vectra and UPC Poland and, following a review of the operator’s strategic options by JP Morgan, its shareholders opted to retain the company in October that year. By the end of 2013 MP served 500,132 broadband subscribers, compared to 477,621 a year earlier, whilst its TV offerings – including cable and IPTV – served a total of 750,927 users.