Copying and distributing are prohibited without permission of the publisher
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
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
More from GTB
Investment funds considering Poland's Netia 04 Apr 2012
France Telecom 'will not sell' Polish network 16 Mar 2012
T-Mobile and Orange to share Polish network 17 Feb 2012
Polish operator spends $315m on acquisitions 03 Oct 2011