Vectra submits offer for one-third of Netia

2 Jul 2014

Polish cable TV operator Vectra has submitted an offer to buy 33% of domestic telco and internet service provider (ISP) Netia at PLN5.31 (USD1.75) per share, which was 4.1% above the market closing price on 1 July. According to a report from Reuters, the public tender bid price values Netia at PLN1.83 billion.

Netia entered the Polish fixed line market in 1990 under the banner RP Telekom, and today is one of the country’s leading alternative telcos, providing services over its own national fibre-optic backbone, which connects all the largest cities. It operates local access networks based on its own copper, Ethernet LAN/fibre and WiMAX infrastructure alongside connections provided over the last mile of incumbent Orange Polska via bitstream access, wholesale line rental (WLR) and local loop unbundling (LLU).

Poland, Netia, Vectra