Multimedia Polska left at the altar again

9 Nov 2018

The proposed merger of Poland’s second and third largest cablecos, Vectra and Multimedia Polska, has been called off. Vectra announced in August this year that it planned to acquire its smaller rival in a deal which would have created the country’s largest cable broadband provider, ahead of current market leader UPC.

However, Broadband TV News writes that the exclusivity period for negotiations between the two has now expired without a deal being finalised and Multimedia has released the following statement: ‘After analysing the market and transaction risks related to the planned sale of 100% of Multimedia Polska shares to Vectra, the majority shareholders and the company’s management have decided today not to renew the exclusivity period and withdraw from the planned transaction.’

UPC had previously been lined up as a buyer of Multimedia only for the deal to be cancelled on competition fears.

Poland, Multimedia Polska, UPC Poland, Vectra