Press release - report - presentation
- 50/50 JV with APG
- Orange PL anchor tenant
- Valuation PLN 2.748b (debt-free, cash-free) = EUR 605m, Orange PL to receive PLN 1.374b = EUR 303m (PLN 887m on closing, PLN 487 on delivery during 2022-2026)
- Orange PL contributes 0.7m lines, to add 1.7m lines in 5 yr in mid/low competition areas, ultimately to own 2.4m lines
- Capex PLN 3b (partly from new debt (>80%), equity contributions PLN 300m from each during 2023-2026)
- Will not be consolidated by Orange PL
- Orange PL has option to acquire extra 1% + control between 2027 and 2029
- To close end Aug 2021
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