Jakubas ups stake in Poland’s Netia

The Polish billionaire investor Zbigniew Jakubas has acquired an additional 7.8% stake in the fixed line operator Netia, taking his overall interest to 33.7%. Reuters reports that Jakubas paid local fund management firm MCI Management PLN158 million (USD42 million) for its entire shareholding. The deal is to be finalised by mid-April 2015. According to TeleGeography’s GlobalComms Database, 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.