Multimedia Polska cancels sale plans

Polish cable operator Multimedia Polska has cancelled plans for a sale.

Following a review by JP Morgan into the company’s strategic options, shareholders have decided not to sell. In a statement, Multimedia Polska said the review found that there were significant future opportunities and that the market prospects were promising.

The operator ended June with 1.68 million revenue-generating units, up 16% year-on-year. First half revenues were up 10% to PLN332.5 million (€80 million).

“The company intends to continue to invest in its further development, both through further expansion of service offerings including television, internet and telephony, the consolidation of the fragmented cable and internet market in Poland and by increasing its base of loyal subscribers,” the operator said.