Tomasz Szeląg, Polsat Group’s CFO who is responsible for financial matters in Zygmunt Solorz‐Żak’s capital group, will now become a member of the Supervisory Boards of the Group’s companies. Katarzyna Ostap-Tomann will assume the function of a Management Board Member on Cyfrowy Polsat’s and Polkomtel’s boards.
As an element of further operational integration of Plus and Cyfrowy Polsat, and also in connection with the pursued strategy of development on the bundled services’ market, Polsat Group will implement a new integrated system supporting sales and customer care as well as a convergent billing system for its products and services. The system will be implemented in cooperation with HUAWEI who will provide the IT systems and who will assume responsibility for the implementation process as the integrator.
In Q1 2016 Cyfrowy Polsat continued its effective strategy of provision of integrated services which it offered by means of its smartDOM program.
Polsat Group invites filmmakers to submit interesting projects which the Group might support in terms of production, promotion and distribution under the new program called Digital Filmmakers Zone (Cyfrowa Strefa Twórców). A good idea is what counts, as well as the potential of a given film for reaching wide cinema and television audience, not only in Poland but also and the international arena. Projects may be submitted via the website www.cyfrowastrefatworcow.pl.
During the official ceremony summing up this year’s edition of the List 500 of the largest Polish enterprises, Cyfrowy Polsat Capital Group was awarded with the Eagle of Rzeczpospolita daily in the category Best infrastructure, trade and non-financial services company.
Tomasz Szeląg, the CFO of Polsat Group, was promoted and will now be responsible for broadly understood finances in the entire capital group of Zygmunt Solorz‐Żak.
To be able to accomplish the challenges ahead of him in the best way possible, apart from the currently held functions Tomasz Szeląg will also become a member of the corporate authorities of other companies as a Supervisory Board member, a Management Board member or a company proxy.
Cyfrowy Polsat Group published very good operating and financial results for 2015.
Cyfrowy Polsat Group, through Polkomtel, acquired Litenite - a company controlling 66% of shares in Midas Group. Under the second stage of the transaction a tender offer for shares was announced to buy back the remaining 34% of shares of Midas Group. The transaction will be financed from Cyfrowy Polsat Group’s own resources.
Cyfrowy Polsat Group repaid the Senior Notes issued by Eileme 2 AB (publ) – a company from Cyfrowy Polsat Group – with the nominal value of EUR 542.5 million and USD 500 million, thereby completing the process of refinancing the current indebtedness of the Group.
When analyzing cost models of further development of the network and services for the customers, Polkomtel (a company belonging to Cyfrowy Polsat Capital Group) decided that it would be more profitable and effective, while at the same time ensuring the highest quality of services, to roll out the network on other frequencies than 800 MHz band.
