Liberty Global to invest up to PLN 4 billion in 5 years

The owner of cable TV and telecommunications services firm UPC, Liberty Global, has pledged to invest PLN 4 billion within the next five years to double its coverage and reach six million households, said Frans-Willem de Kloet, CEO, UPC Polska. "Financing will come from our own means, from our own revenues. Apart from this PLN 4 billion, we want to grow through takeovers," the manager said. Addressing rumors that emerged last year about the potential merger with mobile operator P4, de Kloet said "purely hypothetically it could make sense."