The two main shareholders of the Polish cellco Play (P4) have sold shares equivalent to almost 10% of the company’s capital. Cyprus-registered Tollerton Investments, itself owned by Greek businessman Panos Germanos via Olympia Developments, and Switzerland-based Kenbourne Invest, which is owned by Novator Partners, an investment firm established by Icelandic entrepreneur Thor Bjorgolfsson, have offloaded around 25 million shares, Telko.in reports. This represents a stake of 9.83% in Play, with the deal leaving the two investors each with a 20.1% interest. The remaining shares are distributed.
TeleGeography’s GlobalComms Database notes that Play is the second largest of Poland’s four main cellcos in terms of active subscribers, with 27% of the overall market at the end of March 2020.