Polish mobile phone operator Polkomtel may be sold in its entirety if the U.K.’s Vodafone puts their 25% stake on the block. Such a move would likely push the shareholders controlling the remaining 75% to follow. Anticipation of a possible sale has investors lining up for bids, including Apax Partners, Blackstone Group, CVC Capital Partners, and TPG.
Vodafone is considering the sale in light of a recent strategy to exit minority holdings and streamline its portfolio. Bids for full control of Polkomtel are anticipated to be around €4 billion.
Polkomtel (www.polkomtel.com.pl)
Based in Warsaw, Polkomtel is a telecom company offering a full range of products to both residential and commercial clients. Beginning with standard voice phone, the company also offers such industry norms as internet access and monitoring service. Beyond the basics, clients can also utilize video phone, voice access to email, roaming service, and a variety of mobile entertainment and information services.
Through the first half of 2010, the company’s net profit stands at €152.75 million on revenues of just under €949.8 million. Polkomtel employs some 3,700 people.
15/10/2010
Central & Eastern Europe, Poland, Rumors & Speculation, Telecoms & Media