Play pause: P4 sale put on hold

The sale of Polish mobile operator P4 has been postponed because the firm’s two shareholders could not agree on whether to push ahead with an outright sale or a partial listing. According to a report from Reuters, P4’s owners, investment funds Tollerton and Novator, have shelved plans to offload the cellco and are now looking to refinance P4’s debts. Sources told Reuters that the shareholders could revisit the sale plan in the future but it will not be within the next few months. The sale of P4 had been expected to raise over EUR2 billion (USD2.2 billion). According to TeleGeography’s GlobalComms Database, P4 – which offers services under the ‘Play’ brand – had 13.55 million subscribers and a 22.9% share of Poland’s mobile market at the end of September 2015.