Polish telecom provider ASTER Sp. z.o.o. has been sold to US cable operator Liberty Global, Inc. (LGI) in a 100 percent equity transfer agreement between LGI and British private equity firm Mid Europa Partners LLP. The deal, which was announced in December 2010 and expected to be closed by June 2011, has only recently been approved by Poland’s anti-monopoly regulator, UOKiK.
The acquisition price is USD 805 million (PLN 2.4 billion) and the purchase will facilitate LGI’s expansion into the Polish market through ASTER’s customers, who will now have access to next-gen digital and broadband services and products.
23/09/2011
Central & Eastern Europe, Exit, Poland, Private Equity News, Telecoms & Media, USA