InfraVia Capital Partners and iliad Group complete sale of 50% interest in Polski Światłowód Otwarty to InfraVia for PLN 1,775 million
Type: Acquisition · Technology: Telecom · Country: Poland · Value: $1775M · Announced: 2023-04-03
InfraVia Capital Partners completed the PLN 1,775 million acquisition of iliad Group's remaining 50% interest in Polski Światłowód Otwarty, securing full control.
Analysis
InfraVia Capital Partners' PLN 1,775 million acquisition of a 50% interest in Polski Światłowód Otwarty (PŚO) establishes a new market leader poised to upgrade over 6 million households to FTTH, making it Poland's largest fiber network. This significant investment will facilitate the transformation of PŚO's existing HFC network, previously owned by UPC, into advanced fiber-to-the-home technology. Operating under joint control with Play and an open access model, PŚO is strategically positioned to enhance Poland's fixed internet services market. The transaction reflects a direct investment into critical digital infrastructure expansion and modernization within the country.
Key points
- InfraVia acquired a 50% interest in PŚO for PLN 1,775 million.
- PŚO plans to upgrade its HFC network to FTTH, covering over 6 million households.
- The transaction aims to make PŚO Poland's largest fiber network.
- PŚO will be jointly controlled by InfraVia and Play, operating on an open access model.
Counterparties
- Polski Światłowód Otwarty sp. z o.o. (PŚO) (Parent Company)
- Infravia Capital Partners (Buyer)
- iliad Group (Seller)