Polish mobile operator P4 is reportedly gearing up for a high-yield bond issue, which could be announced as early as this week.
P4, which operates under the brand name Play, has hired JP Morgan to lead the transaction, IFR cited unnamed sources as…
Polish mobile operator P4 is reportedly gearing up for a high-yield bond issue, which could be announced as early as this week.
P4, which operates under the brand name Play, has hired JP Morgan to lead the transaction, IFR cited unnamed sources as saying.
A P4 spokesperson declined to comment.
In November 2013, a local daily reported that P4 planned to refinance debt of up to PLN2.4bn (US$775.2m).
P4 is owned by Greek businessman Panos Germanos’ Tollerton Investments and Icelandic businessman Thor Bjorgolfsson’s Novator, which have stakes of 50.3% and 49.7% respectively. The company claims to have about 10 million customers, equal to an 18% market share, making it Poland’s fourth largest mobile operator. The three largest are Deutsche Telekom’s T-Mobile, Orange and Polkomtel’s Plus.
