France Telecom has denied a Polish newspaper report which states it is considering selling off the fixed-line part of its TP Group in Poland to focus on the mobile division.
An FT spokesperson said the company is “very pleased” with its Polish…
France Telecom has denied a Polish newspaper report which states it is considering selling off the fixed-line part of its TP Group in Poland to focus on the mobile division.
An FT spokesperson said the company is “very pleased” with its Polish business as a whole, describing it as a major asset, and has no plans to exit the country or parts of the business.
He pointed out that TP Group, which operates under the ‘Orange’ brand, is the number one mobile operator in Poland. According to the FT website, TP Group’s 14 million customers equate to a 30.5% market share.
The spokesperson stressed FT’s intention to retain its Polish business aligns with the group’s long-term strategy to focus on core operations and growth areas and dispose of minority stakes and underperforming assets.
Parkiet, the Polish daily that reported the sale rumours, valued the TP Group as a whole at PLN23-25bn (US$7.3-7.9bn), TP’s fixed-line business at PLN8-10bn (US$2.5-$3.1bn) and the mobile aspect at PLN15bn (US$4.7bn), according to Reuters.
