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Montagu completes first deal in Poland with PLN 1.7bn Emitel takeover


2011-03-25



Montagu, a leading private equity investor in the European mid-market, has reached a preliminary agreement with Telekomunikacja Polska (TP), Poland’s incumbent telecom operator, to acquire Emitel, the country’s leading terrestrial TV and radio broadcast infrastructure operator, in a deal worth PLN 1.7bn (approx. €422m). It is Montagu’s first investment in Poland.

Michal Chalaczkiewicz, Montagu Director responsible for CEE markets, said Emitel provided essential services in attractive and growing markets and had a strong track record of profitability. Montagu wants to build on this by expanding its service offering for broadcasters and telecom providers across Poland.

The sale is part of TP’s efforts to focus on its core business.

The deal is subject to anti-trust clearance.



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