Telia increases stake in Netia (Poland) to 48.2 percent

In line with Telia's strategy to maintain a strong presence in Poland, Telia has increased its stake in Netia Holdings from 30.2 percent to 48.2 percent. Netia is the largest independent service provider in Poland. Telia acquired 4.9 million Netia shares at a price of USD 35 per share, equal to slightly more than SEK 1.5 billion.
Today, Netia is Poland's largest independent operator for fixed telephony services. The company has 24 licenses for local telephony in areas of Poland where 15 million people, or around 40 percent of the Polish population, live.
"The tremendous growth of the Polish telecommunications market can be compared with the country's economic development. Telia strongly supports Netia's efforts to become the leader in fixed telephony, data communications and Internet services," commented Jan-Åke Kark, Chief Executive Officer of the Telia Group.
Claes Hygrell, Country Manager for Poland, Telia AB,
phone +46 8 713 60 53 or +46 70 623 60 53 (mobile).
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