Off the rails: Netia acquiring TK Telekom

11 May 2015

Polish alternative telco Netia has signed a preliminary agreement to acquire 100% of the shares in backbone network provider TK Telekom from Poland’s national rail operator PKP Group. The PLN221 million (USD61 million) transaction will be financed via available credit lines. Netia says the purchase will expand its infrastructure footprint and further strengthen its market position in the business-to-business (B2B) segment. Completion of the deal is subject to clearance by the Competition Office (UOKIK) and the approval of PKP shareholders. Pawe Szymanski, CEO of Netia, commented: ‘The acquisition of TK Telekom will significantly increase Netia’s assets base, expand our fibre-optic infrastructure footprint as well as contribute a portfolio of strategically important clients.’ TK Telekom owns and operates a transmission network consisting of nearly 30,000km of cabling, connecting more than 300 towns nationwide.

Poland, Netia, TK Telekom