Polish cable operator Vectra has abandoned its attempt to secure a one third stake in alternative telco Netia.
Vectra launched a tender for a 33% stake in Netia for about PLN609 million (€146 million) at the beginning of July and subsequently upped its offer from PLN5.31 a share to PLN5.41 a share and extended the deadline for acceptance.
The company has now withdrawn the bid after failing to reach the minimum threshold of acceptances.
Vectra CEO Tomasz Żurański had said the bid for Netia shares was a financial investment opportunity rather than part of a plan to combine the two companies operationally.
DTVE: the week in view – The future of American SVOD lies outside of the US digitaltveurope.com/comment/the-fu… https://t.co/pE0SQPovaf
24 October 2021 @ 19:00:01 UTC
ICYMI: Intelsat CEO Spengler to retire digitaltveurope.com/2021/10/22/int… https://t.co/gj3qF5u0Rx
24 October 2021 @ 18:00:01 UTC
Do you wonder if the set-top box will still be the industry's workhorse despite the shift to app-based experiences… twitter.com/i/web/status/1…
24 October 2021 @ 14:08:00 UTC