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Polkomtel telco to pay PLN 3.77 bln to Midas for data transfer services in 2015 2018, Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland

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Polkomtel telco to pay PLN 3.77 bln to Midas for data transfer services in 2015-2018

TAG'S: MIDAS, Media

Mobile telco Polkomtel, a unit of listed media group Cyfrowy Polsat, signed a PLN 3.77 bln agreement for 1.57 bln gigabytes (GB) of data trasnfer with telco Midas, also a member of the capital group of Polish magnate Zygmunt Solorz-Zak, Cyfrowy Polsat said in a market filing.

 

The unit cost of data transfer was lowered in comparison to the existing agreement to PLN 2.4 per 1 GB, the filing reads.

 

The new agreement was signed for the period of four years, starting from January 1, 2015, Cyfrowy Polsat said.

 

2015 payments to Midas will increase over time: PLN 119.3 mln Q1, PLN 132 in Q2, PLN 245 mln in Q3 and PLN 354 mln in Q4, Cyfrowy Polsat said. Each 2015 payment will be made in three monthly installments.

 

In further years, payments will be made in 12 equal monthly installments : PLN 989 mln in 2016, PLN 880 in 2017 and PLN 908 mln in 2081

2015-03-04



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