Following the expiration of a deadline for exclusive sales talks with a consortium formed by Hawe and IT Polpager for the sale of Polish TK Telekom, parent company PKP has re-launched discussions with previously interested parties.
PKP said it is now…
Following the expiration of a deadline for exclusive sales talks with a consortium formed by Hawe and IT Polpager for the sale of Polish TK Telekom, parent company PKP has re-launched discussions with previously interested parties.
PKP said it is now talking to GTS and Netia again, while talks with Hawe and IT Polpager also continue.
State owned PKP Group had launched exclusive negotiations with Hawe and IT Polpager over their joint bid for its 47.91% stake in TK Telekom in early August. The deadline for exclusive discussions expired on 21 September.
PKP has said previously that it expects the sale to be completed by the end of the year.
The group is advised by Access CF, Grupa Konsultingowa Jagiello Wrebiak i Wspolnicy and Business Consulting.
Hawe had said in late May that it would lead the consortium in the TK Telekom tender process and that IT Polpager – linked to Polish media mogul Zygmunt Solorz-Zak – had agreed to contribute PLN50m (US$14m). Hawe did not state how much it would contribute.
Originally set for 9 March, the deadline for bids for TK Telekom, one of the largest backbone network operators in Poland, was postponed several times.
The Polish state treasury owns the remaining 52.09% stake in TK Telekom which posted net profit in 2011 of PLN11.3m (US$3.377m) and EBITDA of PLN73.9m (US$22.1m).
