Mr. Witucki, TPSA’s CEO indicated that the Polish incumbent would buy P4, the new mobile operator, from Novator and Netia SA, if P4 was for sale.
Over view: We think that Netia would be not interested in selling their shares in P4. Launching Play gave Netia opportunity to establish its mobile services and convergent products. The first data on Play client additions are encouraging, on the back of aggressive pricing, some 20% below other operators. Moreover, the regulatory approval for such a transaction is unlikely.