Orange to sell 37 properties in Warsaw for PLN 250 million

Telecommunications firm Orange Polska is planning to sell 37 properties in Warsaw, Gazeta Wyborcza reports. The vast majority of these properties are unused assets left over from Orange's acquisition of Telekomunikacja Polska SA. These properties vary greatly in nature, from singular buildings, to warehouses and land lots. Given that they incur maintenance costs and are of no current use to Orange, the firm wants to sell them all off as quickly as possible. "Among other things, technological advancements have caused that the amount of space needed for telecommunications equipment has greatly dropped." a Orange spokesperson said. The company hopes to raise over PLN 250 million in revenues from this action.