TPSA closes tender for cable television networks

According to Puls Biznesu, Telekomunikacja Polska has closed its zł. 40 million - zł. 50 million tender for the sell-off of its cable television networks and the potential buyers are reported to be Multimedia, Vectra and UPC. The deal is expected to be finalized in one month. "Now the telecom will negotiate terms of selling the networks servicing roughly 50,000 subscribers," said a source close to the tender. Apparently, the highest bid was submitted by Multimedia, offering over zł. 50 million. "The transaction should remain within zł. 40 million - zł. 45 million. In such transactions, not necessarily the highest offer wins. In some cases the bidder is unable to provide a financial guarantee or simply withdraws its offer," said a financial expert from the sector. (Puls Biznesu, p. 7) M.M.