Cyfrowy Polsat S.A. has initiated the acquisition of up to 29 million of its ordinary shares from Reddev Investments Limited at a price of 35.00 PLN per share, as part of its share buyback program aimed at enhancing shareholder value.

Information on the Target

Cyfrowy Polsat S.A. is a leading multimedia and telecommunications company in Poland, noted for its significant presence in the pay-TV, broadband internet, and mobile telecom markets. With a wide array of services including satellite television and internet streaming, the company has established itself as a key player in the digital landscape.

As part of the company's strategic initiatives, Cyfrowy Polsat has implemented a share buyback program aimed at enhancing shareholder value and optimizing its capital structure. On November 25, 2021, Cyfrowy Polsat decided to acquire up to 29 million ordinary shares from Reddev Investments Limited at a price of 35.00 PLN per share.

Industry Overview in Poland

The telecommunications industry in Poland has undergone significant transformation over the past decade, adapting to rapid technological advancements and changing consumer pre