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Broadband

Orange Poland closes sale of 50% stake in FiberCo to APG

Wednesday 1 September 2021 | 16:50 CET | News
Orange Poland announced that it has completed the sale of a 50 percent stake in its subsidiary FiberCo (Swiatlowod Inwestycje) to investor APG. Orange Poland received PLN 897 million as the first part of the payment for the transaction. Payment of the remaining PLN 487 million will occur in 2022-2026 and will be conditional on Orange Poland delivering on the agreed network roll-out schedule. The transaction assumes equity contributions for each party of around PLN 300 million to be made in 2023-2026.

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Categories: Fixed
Companies: Orange Poland
Countries: Poland
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