Privately-owned cable broadband and TV services provider Vectra has completed the acquisition of 100% of the shares of smaller rival Multimedia Polska following regulatory clearance by the country’s Office of Competition and Consumer Protection (Urzad Ochrony Konkurencji i Konsumentow, UOKiK) last month. The deal, first announced in August 2018, has created Poland’s largest cable operator with 1.7 million subscribers and 4.4 million households passed by the enlarged network – overtaking Liberty Global’s UPC Polska in the process. No financial details were disclosed.
Tomasz Zuranski, president of the board of management of Vectra, said that the greater investment capacity afforded by the merged entities should hopefully translate into ‘a more attractive offer to both retail and business customers’. The two entities will continue to trade without any changes, the press statement confirmed. Zuranski also noted: ‘The implementation of the transaction allows us a much larger scale of activities – access to a wide customer base and the potential of one of the best and largest fixed telecommunications infrastructures in Poland’.
As previously reported by TeleGeography’s CommsUpdate, UOKiK’s agreement to the deal came with the pre-condition that Vectra will have to sell networks in eight cities (Gorzow Wielkopolski, Kwidzyn, Lowicz, Olsztyn, Ostroda, Pogorze, Pruszcz Gdanski and Stargard) and offer customers in a further 13 locations (Barcin, Inowroc aw, Kruszwica, Lubicz Dolny, Leczyca, Mogilno, Naklo nad Noteci , Piechcin, Slubice, Strzelno, Suwalki, Szubin and Swinoujscie) the option of changing provider without costs.