Polsat gets green light for Netia acquisition

15 May 2018

Poland’s Office of Competition and Consumer Protection (Urzad Ochrony Konkurencji i Konsumentow, UOKiK) has approved the acquisition of a stake in local telco Netia by the Cyfrowy Polsat group, imposing no conditions on the transaction. While the watchdog noted that the operations of the two firms do overlap in certain areas such as pay-TV, internet access and cellular services, it decided that the deal would not result in a restriction of competition.

As previously reported by CommsUpdate, in December 2017 Cyfrowy Polsat acquired a 32% stake in domestic rival Netia for PLN638.8 million (USD177 million), saying it would launch a tender to purchase additional shares to take its interest in Netia to around 66%.

Poland, Cyfrowy Polsat, Netia