Polsat makes move for rest of Netia

4 Jan 2021

Polish telco and pay-TV provider Cyfrowy Polsat has announced a tender offer for the 34.02% of fixed line operator Netia that it does not already own. The offer for 114.2 million shares is valued at PLN548 million (USD150 million) and the transaction is scheduled for early March, with subscriptions open until 26 February. Polsat acquired a majority interest in Netia in 2018.

Poland, Cyfrowy Polsat, Netia