Poland’s Play could sell network infrastructure
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