Aster may be put up for sale
The shareholders of Polish cable operator Aster are planning to put the company up for sale, BroadbandTVNews reports.
Aster president and shareholder Janusz Arciszewski was quoted saying in the local press that an adviser for the sale would be appointed…
The shareholders of Polish cable operator Aster are planning to put the company up for sale, BroadbandTVNews reports.
Aster president and shareholder Janusz Arciszewski was quoted saying in the local press that an adviser for the sale would be appointed in the next few weeks.
He reportedly added that Aster’s main shareholder, Mid Europa Partners, has a five-year business plan that finishes in 2011.
Local press also reportedly mentioned an opening price of PLN1.7bn for the cable operator, which also has PLN1.5bn debt.
Vectra would be the most likely buyer, while UPC and Multimedia Polska could not be ruled out as potential investors.
Mid Europa and Aster’s management team acquired the company in March 2006 for PLN1.6bn (E412m) including a debt package of E270m.
The company offers television, broadband internet as well as mobile and fixed-line services. It has about 385,000 subscribers.
Aster’s shareholders were not immediately available.
