Locked content Play operator with PLN 1.58 bln revenue. IPO decision within months

P4, Play network mobile operator, had PLN 1.58 billion revenue, up by 9.6 percent y/y, and PLN 564 million EBITDA in Q1, a 20.8 percent y/y increase. At the end of March, Play had 14.3 million customers, down by 0.5 percent y/y, with 60.5 percent of them being regular subscribers, and the rest pre-p...

Locked content P4 to use IPO proceeds to pay its debt

Mobile telecom operator P4 could spend part of the proceeds from the potential IPO to buy back bonds from its owner Impera Holdings, the company said in a statement to the Luxembourg Stock Exchange. “Part of the proceeds of any initial public offering may be used to redeem the Impera Holdings senior...

Locked content Play mulling IPO

Telecom operator P4, which owns Play, said that it considers IPO plans in a statement send to the Luxembourg Stock Exchange. “After 10 years of developing Play into a leading Polish mobile operator, the shareholders and management of Play are reviewing the best options to set the company up for its ...

Locked content Play with 12.5% y/y increase in revenue in 2016

Mobile operator Play, increased its revenue for 2016 by 12.5 percent to PLN 6.1 billion and adjusted EBITDA by 14 percent to PLN 2.03 billion, its parent company P4 said in a market filing. Client count increased by 1.9 percent to 14.41 million, despite the negative impact of the pre-paid cards regi...

Locked content Owners of P4 mobile operator consider sale

Polish daily Puls Biznesu reported that the owners of Polish mobile operator P4 (Play) are planning to sell the company and have hired Bank of America Merrill Lynch and UBS to run the process. The newspaper said that France’s Orange and Deutsche Telekom could offer the highest price, but it is...

Locked content P4 telcom records revenues up by 17% to PLN 1.44 bln in Q1

P4, operator of the Play network, increased its revenues by 17 percent y/y to PLN 1.44 bln in Q1 2016 and recorded a 35 percent increase in adjusted EBITDA to PLN 437 mln, P4 officials told a news conference. The number of clients grew by 13.7 percent to 14.42 million. Within the last  12 months,...

Locked content Owners won’t sell Play

The owners at P4 (operating under the Play brand), Poland’s fourth largest mobile operator have decided to not sell the company, according to Bloomberg. In mid November Reuters reported that P4’s owners,  Greek fund Tollerton and Icelandic Novator, were already working with Bank of Ameri...

Locked content Play to be sold or listed – Reuters

The owners at P4 (operating under the Play brand), Poland’s fourth largest mobile operator, are working with Bank of America Merrill Lynch  to sell or list the company in a transaction valued at over €2 billion, Reuters reported citing several sources. P4 is owned by Greek fund Tollerton and I...

Locked content LTE tender drew PLN 9.23 bln in bids

Poland’s auction of LTE frequencies has ended, it raised PLN 9.23 billion in bids, nearly six times more than expected, informed UKE, the regulator. Five 800 Mhz blocks and 14 blocks of 2.6 GHz were put up for sale, each bidder could buy up to two 800 MHz blocks and four 2.6 GHz. Orange, Deuts...