The Grant Thornton team, composed of Katarzyna Buda, Katarzyna Ciesielska, Dominika Ryngwelska, and Dariusz Gałązka, supported Play Group in the financial and tax due diligence as well as transactional advisory services, including negotiation of price and financial aspects of transaction documentation.
Play Group, part of the French Iliad Group, one of the largest telecommunications groups in Europe, is a leading provider of mobile services, fixed-line internet and digital television. It serves over 17 million customers and also provides comprehensive ICT solutions and a data center dedicated to business.Play currently has over 10,500 base stations and covers nearly 100% of the Polish population, as well as a fiber optic network that will ultimately reach over 6 million households, providing customers in Poland with access to the highest quality fiber optic internet and freedom of choice.
Syrion’s fibre optic network stretches 3,000km connecting 86,000 premises in over 80 towns over three provinces Śląskie, Opolskie and Lubelskie. It provides internet access, telecommunications services, and digital television to individual and business customers, as well as wholesale services.
The aforementioned transaction aims to expand the coverage of fiber-optic internet and digital television services.