The entry in the share register is the final stage of the largest transaction on the Polish telecommunication market after 1989 – the result of the agreement for the purchase of 100% of shares in Polkomtel concluded on June 30, this year, and the consent for the transaction expressed on October 24 by the President of the Office of Competition and Consumer Protection.
"Entry in the share register is a symbolic opening of a new stage of development for the company – says Jarosław Bauc, the President of the Management Board of Polkomtel S.A. – The Capital Group to which Polkomtel already belongs, not only brings a huge opportunity to maintain leader's position in the present areas of our activity, but also to extend our offer continuously and to increase the group of customers."
Taking over of Polkomtel is driven by the plans of further development in the telecommunications sector, capitalizing on the strategic benefits of commercial co-operation with the media and telecom assets in the portfolio of Mr Solorz-Żak i.e. Midas Group and Cyfrowy Polsat Capital Group including also Telewizja Polsat. The key element of the strategy is the development of a nationwide LTE high-speed wireless network, with a speed rate of up to 326 Mbps.
„A priority of the investment in Polkomtel will be to strengthen company's position as the national leader in cellular telephony and mobile Internet, also through the cooperation with Cyfrowy Polsat Capital Group and Midas Group. Our customers will benefit most from it as we will ensure to them access to new services based on the most advanced technological solutions” – Zygmunt Solorz-Żak said.
Spartan Capital Holdings Sp. z o.o. is an entity controlled by Zygmunt Solorz-Żak, a shareholder in the companies operating among others on the media and telecommunication markets and in the area of new technologies (Cyfrowy Polsat, Telewizja Polsat, Midas Group: Mobyland, CenterNet and Aero 2), and also companies from the power engineering and finances sectors.
The advisors to the buyer were: Trigon Dom Maklerski SA, Deutsche Bank and Crédit Agricole CIB, responsible for preparing the transaction structure.
Trigon Dom Maklerski SA was organizing acquisition financing, the law office Dewey & LeBoeuf was the leading legal advisor, while the law office Chajec, Don-Siemion & Żyto was responsible for the procedure in UOKiK and telecommunication issues, and PKO Bank Polski SA provided a letter of credit.
