Polish DTH operator Cyfrowy Polsat is seeking shareholder approval to launch a bond programme of up to PLN1bn (US$287.35m).
The debt would be issued before 15 July next year, possibly in more than one tranche, the company said in a notice to…
Polish DTH operator Cyfrowy Polsat is seeking shareholder approval to launch a bond programme of up to PLN1bn (US$287.35m).
The debt would be issued before 15 July next year, possibly in more than one tranche, the company said in a notice to shareholders ahead of an EGM set for 16 January.
The notes would be redeemed no later than 22 December 2022.
Shareholders have been asked to authorise management to determine the specific conditions of the programme and of each tranche.
Cyfrowy completed its PLN6.15bn (US$2.02bn) merger with mobile operator Polkomtel (Plus) in May this year. Both were controlled by Polish businessman Zygmunt Solorz-Zak.
Local media reported in November that Solorz-Zak planned to look at TK Telekom, which state-owned railway firm PKP aims to sell by the first half of 2015. Hawe, owner of Hawe Telekom, which provides telecoms services to other operators, and fixed-line telco Netia have also been named as potential buyers.