UPC POLAND acquired by ILIAD GROUP
Context
The iliad Group, acting through its subsidiary Play, entered into an agreement to acquire 100% of the share capital of UPC Poland. This strategic move represents a major step in iliad's expansion within the Polish market following its initial entry through the acquisition of Play. The transaction combines the strengths of a leading mobile operator with a premier fixed-line provider to create a strong convergent operator. The integration is designed to support product innovation and accelerate long-term investments in next-generation fiber networks for consumers and businesses. The combined forces of both companies aim to foster nationwide connectivity and contribute to the digital transformation of the Polish economy.
UPC POLAND, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
UPC Poland is a premier fixed-line operator and one of the largest internet service providers in the Polish market. The company provides nationwide connectivity through an extensive fiber-to-the-x (FTTx) network. It offers a high-quality platform for both residential (B2C) and business (B2B) segments. The operator is recognized for its strong service standards and significant infrastructure footprint across the country.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (PLN)
Similar deals in Telecom
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2022 | APAX PARTNERS / WARBURG PINCUS | ODIDO | NETHERLANDS | Operators |
| 03/2022 | CAPZA | WIFIRST | FRANCE | Operators |
| 07/2021 | SIPAREX | ALCATRAZ IT | FRANCE | Operators |
| 03/2021 | MASMOVIL | EUSKALTEL | SPAIN | Operators |
| 02/2021 | CABLE ONE | HARGRAY COMMUNICATIONS | UNITED STATES | Operators |
| 11/2020 | CINVEN / KKR / PROVIDENCE EQUITY PARTNERS | MASMOVIL | SPAIN | Operators |
| 11/2020 | ORANGE | TELEKOM ROMANIA COMMUNICATIONS | ROMANIA | Operators |
| 09/2020 | ILIAD GROUP | PLAY | POLAND | Operators |
| 04/2020 | MONACO TELECOM | VODAFONE MALTA | MALTA | Operators |
| 09/2019 | AMUNDI PRIVATE EQUITY / BPIFRANCE / SOCADIF | WIFIRST | FRANCE | Operators |
REFERENCES
Valuation range: EV 3b - 100b PLN
Revenue range: 1b - 3b PLN
EBITDA range: 450M - 900M PLN
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of UPC POLAND by ILIAD GROUP are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: iliad group