Google Cloud and Polsat Plus Group (GPP) have announced strategic partnership where Google will sign its first, in Poland, agreement for the purchase of clean and green electricity. Thanks to implementing the Google Cloud solutions, Polsat Plus Group will in turn accelerate its technological development and digital transformation.
Cyfrowy Polsat S.A. announces that it decided not to prolong the agreement and to terminate its cooperation with Moody's Investors Service rating agency. Accordingly, Moody's has withdrawn the corporate rating assigned to the company.
The last rating assigned to the company by Moody's on October 5, 2022 was a long-term rating of "Ba3" with a negative outlook.
Polsat Plus Group's current ratings are available at: https://grupapolsatplus.pl/en/investor-relations/bonds
Polsat Plus Group concluded a Senior Facilities Agreement with a consortium of Polish and foreign financial institutions which will be utilized for investment projects, the repayment in full of the indebtedness under the previous credit facilities and the financing of general corporate needs. The agreements concluded are linked with sustainable development goals pursued by Polsat Plus Group through environmental, social and corporate governance activities. The credit facilities will be in zlotys and euros, with a final repayment date of 2028.
In 2022 Polsat Plus Group was consistently developing the Telecommunications, Content and Clean Energy pillars of its operations, while also being involved in providing support to the citizens of Ukraine by donating several dozen million zloty to this cause.
Major events in 2022:
Information with regard to media publications concerning involvement of Polsat Plus Group in the investment into an Ukrainian Sense Bank:
Polsat Plus Group or any company from Polsat Plus Group has nothing do to with the investment into Sense Bank
Polsat Plus Group is the first Polish company issuing Sustainability-Linked Bonds according to the international ICMA (International Capital Market Association) standard. This is the largest issuance of corporate bonds by a private company in the history of the Polish zloty capital market (PLN 2.67 billion). The funds from the bond issue will support the implementation of Polsat Plus Group's Strategy 2023+, particularly the achievement of its goal to install 1,000 MW of clean energy generation capacity.
During Q3 2022 Polsat Plus Group was been developing dynamically across all segments of its operations. Polsat Box, Plus, Netia and Polsat Box Go customers have been offered access to Disney+. Antyweb.pl joined Interia.pl, thus strengthening the Group’s operations in the online media area. Wind farm projects were being developed dynamically and work continued on assembling the full green hydrogen economy value chain.
In Q3 2022 Polsat Plus Group:
Antyweb.pl, one of the most important services in Poland writing about Polish and global Internet joins Polsat Plus Group. It will substantially strengthen the Group’s position in the area of new technologies.