Poland’s Play could sell net­work in­fra­struc­ture

Arab News - - Business News -

Pol­ish mo­bile op­er­a­tor Play Com­mu­ni­ca­tions is con­sid­er­ing sell­ing some of its net­work in­fra­struc­ture, a source fa­mil­iar with the process told Reuters. The com­pany could fol­low sim­i­lar moves by other Euro­pean com­pa­nies look­ing to sell mo­bile net­works as in­fra­struc­ture re­mains at­trac­tive to in­vestors. Bloomberg re­ported, quot­ing un­named sources, that Play is work­ing on a strate­gic re­view of roughly 8,000 sites, around half of which are tow­ers, which could lead to a sale val­ued at up to $897.4 mil­lion.

Ear­lier this year, Play said it was plan­ning to set up a com­pany called Tow­erCo. — a ded­i­cated sub­sidiary to host ex­ist­ing and fu­ture in­fra­struc­ture.

“Play is at a very early stage of es­tab­lish­ing the com­pany, to which sites would be moved,” a source fa­mil­iar with the mat­ter said. Reuters

Newspapers in English

Newspapers from Saudi Arabia

© PressReader. All rights reserved.