Enterprise Investors replaced by HMT&F as potential buyer of Aster City
American investment fund Hicks, Muse, Tate & Furst (HMT&F) may soon take
over cable TV operator Aster City, which is owned by Elektrim
Telekomunikacja (ET). Three companies have been shortlisted to buy the
operator. It appears that HMT&F has offered the highest bid at zl. 500
million. The second highest offer of zl. 412 million was made by Enterprise
Investors. The third largest bid was placed by Advent International, which
allegedly is cooperating with the biggest cable operator in Poland, UPC.
"HMT&F is also tipped as a front runner to buy cable television assets
belonging to Deutsche Telekom. Polish companies are becoming part of global
corporations," claims a cable operator representative. However, HMT&F has
neither denied nor confirmed its bid for Aster City. "We do not comment on
rumors," said HMT&F spokesman, Roy Winnick. (Puls Biznesu, pp. 1, 5) M.M.