Netia finalizes TK Telekom takeover
14:26
Poland's second largest telecommunications firm Netia has completed the acquisition of TK Telekom, the media reported on Tuesday. UOKiK approved the transaction earlier this month.
In May, Netia had signed a preliminary deal with PKP to purchase TK Telekom, the telecommunications subsidiary of the railway group for PLN 221.9 million.
The acquisition will result in an over 11 percent increase of Netia's operational range in general and over 28 percent rise in the B2B segment.
TK Telecom owns 30,000 km of fiber optic cables.
