Netia to acquire TK Telekom
15:24
Poland's second largest telecommunications firm Netia has signed a preliminary deal with PKP to purchase railway operator Telekom TK for PLN 221.9 million.
"Thanks to the transaction, Netia will enlarge its asset base significantly, expand its fiber optic infrastructure and will acquire an important group of customers," Paweł Szymański, Netia CEO said.
The acquisition will result in an over 11 percent increase of Netia operational range in general and by over 28 percent in the B2B segment. Polish anti-monopoly watchdog UOKiK and PKP's general meeting are to approve the transaction.
TK Telecom owns 30,000 km of fiber optic cables.
