The Iliad Group, the owner of the Play network, has made a non-binding offer to buy UPC Polska. If there is a takeover, a very strong group will be created that can operate on the market as an equal partner for Orange and Cyfrowy Polsat – analysts estimate. “Customers will benefit from it,” they add.
According to the portal wirtualnemedia.pl, the French Iliad Group, since last autumn. the owner of the Play telecommunications network, made an offer to the Liberty Global group to buy 100 percent. shares of UPC Polska. The offer is non-binding and is valued at PLN 7.3 billion.
This information appeared on Friday before the opening of the stock exchange. During the day, the shares of one of the potential main competitors, Orange, fell (from PLN 7.53 to PLN 7.29), but at the closing they amounted to PLN 7.66. Cyfrowy Polsat shares increased from PLN 33 to PLN 34.16.
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– If there is a takeover, a very strong group will be created that can operate on the market as an equal partner for Orange and Cyfrowy Polsat. At the moment, Iliad is primarily buying customers – Tomasz Kulisiewicz, an expert on the telecommunications market, said in an interview for the portal wirtualemedia.pl.
According to Kulisiewicz, the acquisition of UPC by the Play network will not violate antitrust regulations. – Common sense strengthens the oligopoly, there are three strong groups and it is certainly not an unusual distortion of competition – says the expert.
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