Nordic telecom company TeliaSonera is in talks to buy Poland's fourth-largest mobile phone operator Play from an Icelandic private equity fund Novator, daily Puls Biznesu reported.
“Negotiations are still at an early stage,” the newspaper quoted one of two sources as saying. “Play managers do not know anything about them.”
The daily quotes Novator's managing partner Constantine Gonticas as saying it “was not true” that the fund, which controls 75% of Play, was planning to sell the company.
Play spokesman Marcin Gruszka said on Tuesday the company would not comment. TeliaSonera's spokeswoman, quoted by the newspaper, has declined to comment.
Play wants to boost the number of its clients this year to 2 million from 1.4 million and is planning to triple revenues to 800 million zlotys ($351.3 million). It expects to break even by the end of the decade. (Reuters)