Edition:
India

Play Has Buy Option To Acquire Virgin Mobile Polska


Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - PLAY COMMUNICATIONS ::SAID ON MONDAY THAT ITS WHOLLY-OWNED UNIT, P4 SP. Z O.O. (PLAY), HAS SIGNED A NUMBER OF AGREEMENTS WITH VIRGIN MOBILE POLSKA SP. Z O.O. (VMP), ITS STAKEHOLDERS AND KEY INVESTORS.AS A PART OF THE AGREEMENTS, PLAY ENTERS INTO AN AGREEMENT TO A BUY OPTION TO ACQUIRE VMP IN 2020.PLAY AND VMP WILL ALSO CONTINUE THEIR COOPERATION AND THE LEVEL OF GENERATED PAYMENTS TOWARDS PLAY OVER 2018-2021 SHOULD REACH ABOUT 84 MILLION ZLOTYS .INVESTORS AND SHAREHOLDERS IN THE AGREEMENTS ARE DIRLANGO TRADING & INVESTMENTS LIMITED AND VMCEE B.V, VMP: VEGUEROS COOPERATIEF U.A., FARLEDICO INVESTMENTS LIMITED AND KAI-UWE RICKE.VMP IS A MOBILE VIRTUAL NETWORK OPERATOR AND HAD 0.4 MILLION OF USERS AT THE END OF 2016. 

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