P4 owners considering IPO

24 Apr 2017

The owners of Polish mobile operator P4, which trades under the name Play, are considering an initial public offer (IPO) to raise funds for its continued expansion. A report from Bloomberg says that P4’s shareholders – the Greek fund Olympia Development and Thor Bjorgolfsson-led investment company Novator – are looking to take advantage of a recovery in equities markets and a healthy economy in Poland. The two owners had previously tried to find a buyer for P4 but called off the search last year after receiving several non-binding offers which were below their valuation of the cellco. Play is now the second largest mobile operator in Poland, with around 28% of all subscribers at the end of 2016, according to TeleGeography’s GlobalComms Database.

Poland