The Management Board of P4 sp. z o.o. (“Issuer”), the company belonging to French iliad group, hereby informs that on March 31, 2021, entered into the agreement for the sale of the enterprise with On Tower Poland sp. z o.o. with its seat in Warsaw, the company in which 60% of shares is owned by Cellnex Poland sp. z o.o. (subsidiary of Cellnex Telecom), and 40% shares is owned by Iliad Purple S.A.S,(part of Iliad group). Pursuant to this agreement, the Issuer sold to On Tower Poland sp. z o.o. a set of assets constituting an organizationally, functionally and financially separated within the Issuer’s enterprise Tower Unit, under which the Issuer conducted business activity in the area of management and commercialization of its independent passive infrastructure, on the terms set out in the agreement for the sale of the enterprise (“Transaction”).
The Purchase Price of the Tower Unit was set up at PLN 6.7 bn and may be adjusted according to the provisions of the agreement for the sale of the enterprise and the Share Purchase Agreement related to shares in On Tower Poland sp. z o.o. entered into between the Issuer’s sole shareholder, i.e. Play Communications S.A. with Cellnex Poland sp. z o.o.
Simultaneously, the Issuer has concluded long-term service contracts with On Tower Poland sp. z o.o. for a period of 20 years, extendible for a further successive periods of 10 years, pursuant to which, among other, the Issuer will continue to use the passive infrastructure sold in the aforementioned Transaction required to continue its telecommunications operations.
Legal basis: art 17 MAR