The Management Board of P4 sp. z o.o. (“Issuer”, “Play”), the company belonging to French Iliad Group (herein being Iliad SA and its subsidiaries), hereby informs that on June 19, 2022 the Issuer signed an agreement with Infravia V Invest S.à.r.L. for the sale of 50% of shares in Issuer’s subsidiary, FiberForce sp. z o.o. ("FiberForce"), for a price of PLN 1,775 billion, subject to standard adjustments described in the agreement and regulatory approvals. The agreement shall be performed after the satisfaction of the conditions specified in it.
By the end of 2022, Play – by way of a demerger though separation of Play’s subsidiary, i.e. UPC Polska sp. z o.o. (“UPC”) – plans to transfer to FiberForce a part of UPC’s business including in particular access network assets in the form of c. 3,7 million network connections in HFC and FTTx technology. FiberForce will make its network infrastructure available to other telecommunications operators (including Play and UPC) on a wholesale access basis.
The closing of the transaction described in the above agreement the consent of the competent antitrust authorities and is tentatively planned for the first quarter of 2023.
Legal basis: Art. 17 MAR