Cyfrowy Polsat S.A. has agreed to sell approximately 99.99% of Polkomtel Infrastruktura's shares to Cellnex Poland sp. z o.o. for PLN 7.07 billion, aiming to enhance financial positioning and operational focus.

Information on the Target

Cyfrowy Polsat S.A. has entered into a conditional sales agreement with Cellnex Poland sp. z o.o., a subsidiary of Cellnex Telecom, S.A. based in Madrid, Spain. This agreement involves the sale of 2,069,656 shares in Polkomtel Infrastruktura sp. z o.o., which represents approximately 99.99% of its equity capital. As part of the transaction, Cyfrowy Polsat will sell 1,552,061 shares, accounting for 74.98% of Polkomtel Infrastruktura’s capital, while Polkomtel will sell 517,595 shares, representing about 25.01% of the company's capital.

The financial terms set the total sale price at PLN 7,070,292,853.20, translating to approximately PLN 3,416.17 per share. The agreement stipulates various adjustments to the final sale price, dependent on specific contractual conditions such as payments made by Polkomtel Infrastruktura after December 31, 2020, and additional interest accrued until the transaction closure.

Industry Overview in Poland

The telecommunications sector in Poland has undergone significant transformations, marked by advancements in infrastructure and technology. A prominent trend in recent years is the increasing investment in mobile telecommunications infrastructure, drive