The Management Board of Cyfrowy Polsat S.A. (the ‘Company’) hereby informs that in connection with the resolution adopted on November 19, 2014 by the Management Board of Polkomtel Sp. z o.o. (‘Polkomtel’), a wholly owned subsidiary of the Company, regarding the intention to submit offers in the auction for frequency licenses in the 791-816 MHz and 832-857 MHz bands, and the 2500-2570 MHz and 2620-2690 MHz bands, each on the territory of the entire country, allocated for the provision of telecommunications services in the mobile or fixed radiocommunication service (‘Auction’), announced by the President of the Office of Electronic Communications on October 10, 2014, Polkomtel submitted an initial bid in accordance with the auction documentation at the seat of the Office of Electronic Communications on November 24, 2014.
The Company informed the Polish Financial Supervisions Authority of the abovementioned resolution of the Management Board of Polkomtel and disclosed this information to the public in current report no. 70/2014 dated November 25, 2014.
The decision regarding the submission of offers in the Auction results from Polkomtel’s aim to acquire access to key frequencies allowing to improve the quality of telecommunication services provided in
the LTE technology and to expand the coverage of its LTE network.
Legal basis: Article 56 sect. 1 item 2 of the Act on public offering and the terms for introduction of financial instruments to organized trading and on public companies, dated 29 July 2005
cr_71_2014.pdf 71.45 KB
