Cyfrowy Polsat’s 7 billion pln windfall poses dilemma

Cyfrowy Polsat is currently preparing a plan to use funds from the sale of a controlling stake in Polkomtel Infrastruktura for PLN 7.07 billion to Cellnex Telecom, said Maciej Stec, vice president of Cyfrowy Polsat.


“We expected this transaction at the turn of the third and fourth quarter and we are in the process of preparing such a plan and as soon as we adopt it, we will inform the market as soon as possible,” said Maciej Stec during the videoconference.

February 26 this year Cyfrowy Polsat informed that the expected closing of the sale of the controlling stake in Polkomtel Infrastruktura to Cellnex Telecom is October 2021. Polsat Group has decided to sell a controlling stake for PLN 7.07 billion.

Cyfrowy Polsat and Polkomtel form an integrated media and telecommunications group controlled by Zygmunt Solorz. Cyfrowy Polsat shares have been listed on the WSE since 2008.

Source

Our privacy policy