Poland’s TK Telekom to be offered for sale again

28 Apr 2014

Poland’s national rail operator Polskie Koleje Panstwowe (PKP) has restarted its search for a buyer for its telecoms division, TK Telekom, which owns 6,000km of fibre-optic cable and 22,000km of copper network across the country. PKP failed to find a buyer for the unit when it was first put up for sale last year, but Reuters now reports that the rail operator is seeking an investment bank to help run the latest sale process as part of a drive to divest non-core operations. TK Telekom has been valued at around PLN400 million (USD131.7 million). Firms including domestic telco Netia and Deutsche Telekom’s pan-European business services provider GTS were reportedly interested in acquiring TK Telekom last year, but did not meet PKP’s valuation of the company.

Poland, TK Telekom