Netia files for watchdog go-ahead of TK Telekom acquisition
PR dla Zagranicy
John Beauchamp
27.05.2015 11:36
Competition and consumer watchdog UOKiK has reported that it has received notice from telecoms operator Netia on its anticipated acquisition of PKP’s TK Telekom.
Photo: glowimages
The announcement comes after the telecoms operator signed a preliminary contract earlier in May which would see the purchase of a 100-percent stake in TK Telekom, a subsidiary of the PKP rail group, for PLN 221 million.
The purchase of TK Telekom is set to boost Netia’s market share by 11 percent and as much as 28 percent in the commercial sector. The operator will also take over some 7,500 kilometres of TK Telekom’s fibre-optic skeleton network.
The privatisation process of TK Telekom started back in October 2014 when parent company PKP published an invitation to enter negotiations on the sale of its telecoms offshoot.
In April, the Parkiet daily announced that Netia had won exclusive rights to negotiate the sale.
TK Telecom operates a network spanning just under 30,000 kilometres nationwide, connecting 300 cities and towns and hundreds of institutions, business and private homes. (jb)
Source: ISB News