Equity group Warburg Pincus buys stake in Polish cable operator
Private equity group Warburg Pincus has bought a stake of just under 50% in Polish cable operator INEA, providing funding to expand its network and make acquisitions. INEA, the fourth largest cable operator in Poland, said Warburg’s investment would help it expand its high speed broadband reach in the western region of Wielkopolska, as well as funding a partnership with the local government to construct a 4,000-kilometer fiber-optic backbone and distribution network. Warburg did not disclose how much it had paid, but said it believed it was the largest private equity investment in Poland this year. Warburg has previous experience in the cable industry, including creating Dutch cable group Ziggo through the merger of three smaller firms.
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