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Poland’s PGE says no to Exatel sale
31 May 2012
Polish energy group drops plans to sell Exatel telecoms business despite loss of profits
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Polska Grupa Energetyczna
Polish energy utility Polska Grupa Energetyczna has dropped its plan to sell Exatel, its telecoms unit, reported MarketWatch, citing a regulatory filing by the company. PGE had planned to sell Exatel as part of its plan to sell non-core assets.
Exatel operates a network with 20,000 kilometres of fibre at speeds up to 9 terabits a second, with 500 nodes across Poland and connections to 80 Polish and 60 foreign operators. The company is the result of a 2004 merger of Tel-Energo and Telbank, both providing services for banking, finance and power engineering.
PGE told MarketWatch: “The benefits from keeping Exatel currently outweigh potential profits from a sale.” GTB
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