Polish mobile operator P4, which trades as Play, is reportedly set to go on the market, with a price tag of up to PLN7.5bn (US$2bn).
Current private equity owners Tollerton Investments Limited (50.3%) and Novator Partners (49.7%) will soon mandate advisers for the deal, which they hope will be agreed in Q1 or Q2 2016, Reuters reported citing sources.
Speaking to the newswire, sources suggested that overseas buyers such as Telenor (OSE:TEL), TeliaSonera (STO:TLSN) or Liberty Global (NASDAQ:LIBTYA) – which owns local cableco UPC – would be the best placed suitors. European competition officials recently did not support Telenor and TeliaSonera’s four to three mobile consolidation effort in Denmark.
The investors acquired P4 in 2008. According to Reuters, it reported PLN3.84bn in revenue and PLN1.26bn in adjusted core profit EBITDA for the 12 months ended June.
Tollerton, Novator and P4 were not immediately available for comment.