Polish fixed-line telco Netia is now in exclusive talks to buy number four player TK Telekom from state-controlled railway firm PKP, reports Bankier.
Netia has declined comment, while a spokesperson for PKP was not immediately available.
The sale…
Polish fixed-line telco Netia is now in exclusive talks to buy number four player TK Telekom from state-controlled railway firm PKP, reports Bankier.
Netia has declined comment, while a spokesperson for PKP was not immediately available.
The sale process, which started in October 2014, is due to complete by the first half of 2015.
Hawe made a preliminary bid for TK Telekom, while Deutsche Telekom was also seen as potentially interested. Exatel, which had been seen as an interested party, did not place a bid.
PKP is advised by mCorporate Finance and Audytel, with Weil Gotshal & Manges acting as its lawyer.
Analysts have valued TK Telekom at PLN400m (US$121m).
The EBRD has pledged to offer funding to potential investors, provided they receive consent from its credit committee.
