Rymarz Zdort Maruta advises Vectra Group in transaction for sale of part of its infrastructure to Polski Światłowód Otwarty

We are pleased to announce that we have advised Vectra Group, a leading provider of telecommunications services and the largest cable operator in Poland, on a preliminary agreement for the sale to Polski Światłowód Otwarty (PŚO), the largest exclusively wholesale broadband network operator in Poland, of part of the telecommunications infrastructure through the acquisition of 100% of the shares in its subsidiary Elsat.

The transaction will include a network reaching approximately 2.3 million homes, mainly in HFC and FTTH technology. However, the transaction is subject to the fulfilment of certain conditions, including the approval of the relevant competition authorities as regards concentration matters’.

The Vectra Group is a leading Polish provider of fixed-line internet and television services, with coverage of approximately 4.2 million households, providing services in over 1.5 million homes.

Polski Światłowód Otwarty is the largest purely wholesale telecommunications operator in Poland, with 4.1 million households within reach of its broadband network.

The transaction team included Jacek Zawadzki (partner), Aleksander Jakubisiak (senior associate) and Przemysław Nycz (associate). Iwona Her (partner) and Tomasz Kordala (counsel) advised on antitrust aspects, and Piotr Zawacki (partner) and Maciej Kostrzewski (counsel) advised on tax matters.