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Multimedia Polska acquires 15 cable networks

2007-07-30

Multimedia Polska, a leading Polish provider of “triple play” packages of TV, voice and broadband internet service, has acquired 15 cable TV networks in northern Poland for 40.9 million zloties (€10.7 million).

The cable networks acquired in the deal, which was announced July 18, pass by about 43,800 homes and serve 23,400 cable TV subscribers and 5,600 Internet subscribers. The transaction was financed by a share issue generated last year for the purpose of expansion. Multimedia serves more than 600,000 customers. It recently rolled out digital television for cable subscribers and is planning to launch new services such as video on demand (VoD) high-definition TV (HDTV) and mobile services as a virtual operator (MVNO).

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