Liberty Global has finalised the acquisition of Polish cable operator Aster from Mid Europa Partners for PLN2.4bn (US$875m).
The deal consisted of an equity purchase price of PLN870m (US$317m) and about PLN1.53bn (US$558m) in debt.
Earlier this month,…
Liberty Global has finalised the acquisition of Polish cable operator Aster from Mid Europa Partners for PLN2.4bn (US$875m).
The deal consisted of an equity purchase price of PLN870m (US$317m) and about PLN1.53bn (US$558m) in debt.
Earlier this month, Poland’ Office of Competition and Consumer Protection (UOKiK) gave a conditional approval for the transaction asking Liberty Global’s UPC Polska to resell parts of Aster’s network in Cracow and Warsaw within the next 18 months.
The acquisition makes UPC the largest cableco in Poland with twice as many users as number two player Vectra.
Mid Europa was advised by Credit Suisse, while Liberty Global did not use any external financial adviser but received legal counsel from Allen & Overy.
