Inea secures new funding

The Polish cable operator Inea has obtained credit totalling PLN930 million (€223.2 million).

According to Wirtualne Media, it will be used to pay off existing debts and invest in the company’s fibre-optic infrastructure.

It adds that the funding is being provided by eight banks, with an agreement having been signed on March 29 and the credit obtained by April 17.

As previously reported by Broadband TV News, Inea, which is the largest cable operator in Wielkopolska (Western Poland) was recently acquired by Macquarie European Infrastructure Fund 5 (ME1F5).

The deal was approved by Poland’s Office of Competition and Consumer Protection (UOKiK) in January this year.

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