Polish IT giant Asseco sells up shares to pan-European broadcast firm

Nima Green
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Polish IT giant Asseco sells up shares to pan-European broadcast firm

The €2.18bn-revenue firm has sold a 21.9 per cent stake to broadcaster Cyfrowy Polsat to deliver joint offerings in telecoms and it services

Polish software heavyweight Asseco Poland has sold up 18.18 million shares, representing 21.9 percent of the company, to Pan-European broadcaster Cyfrowy Polsat and Reddev Investments Ltd., an entity controlled by Cyfrowy Polsat's majority shareholder Zygmunt Solorz. Poland-headquartered Cyfrowy Polsat claims to be the fifth-largest direct-to-home (DTH) digital telcoms platform in Europe, and the largest in central and eastern Europe. Meanwhile, Rzeszów-based Asseco Group claims to be the sixth-largest...

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