Owners won't sell Play
15:58
The owners at P4 (operating under the Play brand), Poland's fourth largest mobile operator have decided to not sell the company, according to Bloomberg.
In mid November Reuters reported that P4's owners, Greek fund Tollerton and Icelandic Novator, were already working with Bank of America Merrill Lynch to sell or list the company in a transaction valued at over €2 billion. However, anonymous sources told Bloomberg that potential buyers offered too little to accept it.
In October, Rzeczpospolita daily informed that UPC Polska and P4 were in talks of a merger.
