Play secures PLN100m to help fund 5G rollout

Polish cellco Play (registered as P4) has secured a PLN100 million (USD27 million) investment in its senior unsecured bonds by the European Bank for Reconstruction and Development (EBRD). Play says it will use the funds to continue its rollout of 5G equipment, having launched a 5G network in June 2020. Play, which was taken over by the French telecoms group Iliad last year, sits second in Poland’s mobile market, behind Orange.