In connection with the information regarding refinancing of its total debt being contemplated by Cyfrowy Polsat Group, Standard&Poor's Rating Services (S&P) placed Cyfrowy Polsat’s and Polkomtel’s ratings on its CreditWatch Positive.
Cyfrowy Polsat Capital Group is analyzing the possibility and potential terms of refinancing its current debt in order to simplify its structure, further optimize the terms and reduce the cost of its servicing.
In reference to investors’ inquiries as well as information published in the media, the company confirms that it has begun preliminary analyses of possibilities and potential terms of refinancing of the Capital Group’s current debt which amounts to PLN 13 bn.
As a result of the concluded acquisition agreements, aligned with the Group’s development strategy in the new technologies area, Teleaudio Dwa, the leader in Premium Rate services, and InterPhone Service, the manufacturer of modern, general purpose telecommunication and electronic appliances, have joined Cyfrowy Polsat Group. The total value of the transaction was PLN 35 million.
It is the fifth time that Cyfrowy Polsat has been presented an award in the prestigious Listed Company of the Year ranking organized by “Puls Biznesu” daily. The company took the first place in the Investor Relations category and was seventh overall.
The 2014 Listed Company of the Year gala was held yesterday in Teatr Wielki – Polish National Opera where the awards were presented to the best companies listed on Warsaw Stock Exchange. The diplomas for Cyfrowy Polsat were received by the company’s CEO, Mr. Tomasz Gillner-Gorywoda.
Cyfrowy Polsat Capital Group posted very good operational and financial results for Q4 and for the whole of 2014.
Customers and the Mobility Trends Awards Chapter decided, by casting their votes, that Plus and Cyfrowy Polsat received the prestigious ”Golden Bell” awards at the 2014 Mobility Trends Gala in the following categories: ”Offer of the Year for Residential Customers,” “Mobile Internet Service of the Year,” and “Operator of the Year.”
On the back of excellent sales of the smartDOM multiplay bundles, in Q3 2014 the Cyfrowy Polsat Group posted strong operating results with a further upside potential – a growth in the number of contract services and ARPU, with table churn.
After twenty years of working for Polsat Group, CEO Dominik Libicki tendered his resignation from the functions of the President of the Management Board of Cyfrowy Polsat S.A. and the Vice-President of the Management Board of Polkomtel Sp. z o.o. Dominik Libicki justified his decision by difference of opinions as regards the methods of implementation of Cyfrowy Polsat S.A. Group’s strategy.
The Cyfrowy Polsat Group has reported excellent operating and financial performance for Q2 2014. It has also been for the first time that the Cyfrowy Polsat Group’s consolidated financial results included Polkomtel, owned by Cyfrowy Polsat since its acquisition of Metelem Holding Company Limited in May 2014.
October 17th 2014 Telewizja Polsat has signed a preliminary agreement for the acquisition of 100% of shares in the Muzo.fm radio for PLN 4.3m. The Polsat Group is developing a wide reaching integrated music project, to be accessible on TV, radio, and the Internet.
