UPC Polska may be sold in separate transaction by Liberty - report (translated)
10 MAY 2018
UPC Polska, a Polish cable operator owned by Liberty Global [NASDAQ:LBTYA], which recently agreed to sell its German and CEE operations to UK telecommunications group Vodafone [VOD:LSE], may be sold in a separate transaction, reported Parkiet citing analysts.
UPC Polska will not be a part of the above Liberty-Vodafone transaction, the Polish daily added. According to an analyst from the Polish brokerage house DM BZ WBK, as quoted in the report, UPC Polska is intended for a different transaction.
Liberty will get a better price by selling UPC Polska separately, said an unnamed manager of a telecom operator, who spoke to Parkiet under conditions of anonymity.
The paper named telecom operator T-Mobile Polska as a potential buyer for UPC. Cited in the report, T-Mobile Polska CEO Andreas Maierhofer said that the company does not rule out anything. T-Mobile Polska will look at UPC if its beneficial, he added.
Other potential buyers named in the report are the media group Cyfrowy Polsat [WSE: CPS] and infrastructure fund Macquarie.
UPC Polska posted PLN 394m (USD 109.5m) in revenue in 1Q18, and it had 1.43m subscribers, according to the report, citing company figures.
The original article appeared in print; page 6