Poland’s PGE power group wants to sell the Exatel telecom by the end of the year, and they just may have a buyer in GTS Central Europe. GTS has the resources to pull off a deal, and has already expressed an interest in either Exatel or PKP’s Telekomunikacja Kolejowa. Exatel’s 2009 EBITDA earnings were PLN 153 million. Total revenues for the period were PLN 550 million.
GTS Central Europe is part of the GTS consortium providing telecom service to 20 countries in the Baltic, CEE, and SEE regions. Investors in the consortium are led by American PE investors Columbia Capital and M/C Venture Partners. Bessemer Venture Partners, HarbourVest Partners, Innova Capital, and Benson Oak Investment Partners make up the remainder of the group.
Exatel SA provides telecom services to commercial customers in the media, financial, energy, and telecom resale sectors. Among their product list are voice, internet access, data, hosting, and operator services. Unlike other telecoms, Exatel also provides inspection, maintenance, and upgrades of existing telecom infrastructure. The company was established in 1993 and makes its home in Warsaw.