Merger of Vectra and Multimedia given conditional approval

20 Jan 2020

The proposed takeover of Polish cable operator Multimedia Polska by larger rival Vectra has been cleared by the country’s Office of Competition and Consumer Protection (Urzad Ochrony Konkurencji i Konsumentow, UOKiK). Under conditions imposed on the deal, Vectra will have to sell networks in eight cities and offer customers in a further 13 markets the option of changing provider without costs. The takeover deal, which involves Poland’s second and third largest cablecos, was first announced in August 2018. Multimedia had previously been a takeover target of cable market leader UPC, but that deal collapsed due to competition concerns.

Poland, Multimedia Polska, Vectra