TPSA sells Wirtualna Polska to O2
October 24, 2013
TPSA telco signed a deal to sell internet firm Wirtualna Polska for PLN 375 million to internet services firm O2 and will book PLN 180 million in pre-tax profit gain in 2014, the company said in a market filing.
The deal will be completed once it is approved by the anti-monopoly watchdog UOKiK. TPSA wants the deal to be finalized in Q1 2014..
The price tag of PLN 375 million may be subject to minor adjustments. Inflows from the transaction will be included in organic cash flow, TPSA said.
TPSA recently raised its 2013 organic cash flow guidance to "at least" PLN 1 billion from PLN 800 million.