3 April 2023
Completion of the transaction resulting in the creation of PŚO, Poland’s biggest open access broadband network
Pursuant to the agreement announced on June 19, 2022, InfraVia Capital Partners (“InfraVia”) and the iliad Group announce the completion of the sale to InfraVia of 50% of iliad’s interest in Polski Światłowód Otwarty sp. z o.o. (“PŚO”, formerly FiberForce sp. z o.o) for an amount of PLN 1,775 million. PŚO is a dedicated iliad Group entity that owns the UPC network infrastructure in Poland and it will be jointly controlled by InfraVia and Play.
The existing HFC network, which can provide up to 1 Gbps, will be upgraded to incorporate FTTH technology and PŚO’s investment program plans to cover over 6 million households. The existing fiber network and infrastructure will be upgraded to XGS-PON standard, enabling operators to use the PŚO network to provide FTTH Internet connections at speeds of up to 5 Gbps.
The existing PŚO network covers households in 14 provinces and almost 200 municipalities in Poland. The first operators to work with PŚO will be Play and its subsidiary UPC Polska, which service over 1.4 million subscribers on the PŚO network. PŚO will make its network available to all operators based on an open access model.
Commenting on the transaction, Thomas Reynaud, iliad’s Chief Executive Officer, said: “This transaction marks a turning point in the growth of the iliad Group’s business in Poland. The partnership with InfraVia will provide a boost for the fixed Internet services market in Poland through an open access model, offering all operators equal access to the country’s largest fiber network, which will eventually cover half of all Polish households. The planned investment program will significantly contribute to the development of Polish regions, cities and industry.”
Vincent Levita, Founder and CEO of InfraVia Capital Partners added: ” We are delighted to be expanding our partnership with the iliad Group through this joint venture with Play Group. This investment leverages all of our experience in telecommunication infrastructure throughout Europe. Broadband access is an essential service that facilitates inclusive digital transformation and we are proud to be supporting this transition that will culminate in the largest broadband network in Poland.“