The CEO of Polish telco Netia has confirmed his company is interested in buying GTS Central Europe.
Miroslaw Godlewski told reporters today that GTS, an infrastructure-based telco, has always been an interesting takeover target for Netia, Reuters…
The CEO of Polish telco Netia has confirmed his company is interested in buying GTS Central Europe.
Miroslaw Godlewski told reporters today that GTS, an infrastructure-based telco, has always been an interesting takeover target for Netia, Reuters reported. However, he did not comment further.
An unsourced report in the Budapest Business Journal earlier this month stated that Czech businessman Petr Kellner’s PPF Group was acting in consortium with Netia in a bid for the company.
German incumbent Deutsche Telekom (DT) is also reportedly interested in the asset, which has core operations in the Czech Republic, Hungary, Poland, Romania and Slovakia.
In late May, the Wall Street Journal cited sources as saying DT had hired Credit Suisse and Deutsche Bank to advise it on the matter, while GTS’ private equity owners had appointed Goldman Sachs.
Media reports in June said DT was close to completing due diligence on GTS, but neither company has confirmed this. A deal would value the company at about €600m (US$775m), it has been suggested.
According to its website, GTS generated a turnover of €387m in 2012, EBITDA of €103m, and a free cash flow of €53m.
