The Management Board of Cyfrowy Polsat S.A. (the "Company") informs that, Polkomtel Sp. z o.o. ("Polkomtel"), a wholly-owned subsidiary of the Company, has signed a non-binding Term Sheet ("Term Sheet") with Towerlink Poland Sp. z o.o. ("Towerlink") and Cellnex Poland Sp. z o.o. ("Cellnex") which sets out the mechanism and technical details regarding future cooperation under the service agreement, pursuant to which Towerlink will continue to provide Polkomtel with services based on the telecommunications infrastructure owned by Towerlink and controlled by Cellnex (including location-access services, emission services, and transmission services).
The term sheet framework enables Polkomtel to access a broad portfolio of base stations in the Cellnex group and to deliver on performance of obligations imposed by the Office of Electronic Communications (“UKE”) as part of the spectrum reservations obtained in 2023 in the 3.6 GHz band (C-Band) and in 2025 in the 700 MHz band. In particular, Polkomtel undertakes to ensure a minimum mobile Internet speed of 50 Mbps by the end of 2026 and up to 120 Mbps by the end of 2030, and to build additional base stations to meet C-Band regulatory requirements by the end of 2027, as set out in reservation decisions no. DC.WAP.514.16.2023.51 issued on 19 December 2023, and DC.WAP.514.5.2025.21 issued on 3 June 2025, publicly available on the website of UKE.
This cooperation will lead to a significant improvement in both the quality and reach of the services provided by Polkomtel, and, given the broad spectrum of frequencies held by Polkomtel, will additionally optimize costs related to access to the mobile network in the long term.
The parties shall continue to work towards finalizing the binding documentation concerning their further cooperation. The Company shall inform thereof in a separate current report upon execution of such documentation.
Legal basis: Article 17 Section 1 of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.