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Iliad announces the acquisition of Polish operator UPC Poland – Sciences et Avenir

PARIS (Reuters) – Iliad announced on Wednesday that it had signed an agreement for Liberty Global to sell 100% of Polish cable operator UPC Poland to Play, a subsidiary of Iliad, for an enterprise value of 7 billion zlotys (approximately 1.5 billion zlotys). of euros). .

Following this acquisition, Play and UPC Poland will become the second largest telecommunications operator in Poland with, by 2020, a combined turnover of 1.96 billion euros and EBITDAaL of 697 million euros, Iliad said in a press release. . The transaction is expected to close in the first half of 2022.

(Jean-Stéphane Brosse)

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