The Polish cable operator Vectra has decided not to go ahead with its bid to buy a 33% stake in Netia, the county’s leading alternative telco.
Vectra initially declared its intention at the beginning of July to buy the stake, though its president Tomasz Zuranski conceded at that time that there were no synergies between the two companies – both offer quad play services and Netia has recently entered the cable market – and the investment was risky.
Vectra initially offered PLN5.41 (€1.29) per share, and subsequently €5.11, but failed to secure the 33% stake it had sought.
Zuranski says the operator, which is the second largest in Poland in terms of subscriber numbers, remains open to other investment opportunities and proposals.
