Mergers and acquisitions on the Polish telecommunications market - December 2011

Over the past twelve months there have been a lot of important events and developments in the Polish telecommunications sector, all of which have had a significant influence on the current state of the market. The market is becoming increasingly consolidated, and more and more often mergers and acquisitions concern firms at the top end of the market, and leading firms in their respective segments.

The most important, and perhaps emotional, event on the Polish telecommunications market over the past year was undoubtedly the sale of Polkomtel. The operator was finally sold to Zygmunt Solorz-Zak, who is linked with Cyfrowy Polsat and Aero2 among other companies, for a sum of approx. PLN 18bn, of which around PLN 15bn was paid by the businessman up front, with the rest paid in inherited liabilities or dividends.