Orange Poland (Orange Polska) has transferred to its joint venture Swiatlowod Inwesticje (Fibre-Optic Investments) fibre connections covering around 672,000 households, as the new company starts operations.
Swiatlowod Inwesticje, which is set up earlier this year as a 50:50 partnership with Dutch investment fund APG, plans to deploy cover around 1.7 million households more by 2025, taking its network to 2.4 million households.
"The company is thus becoming a new player on the market, offering open access to its own fiber optic network," said Maciej Nowohoński, Member of the Management Board of Orange Polska for Wholesale Market.
Since June 21, the company has been managed by Magdalena Russyan, who is a Member of the Management Board for Operations. "Thanks to the agreement signed between Orange Polska and the Dutch APG fund, we will be able to effectively finance further expansion of the optical network without the participation of public funds," said Magdalena.
"In recent years, Orange has invested heavily in the development of its fiber optic network, reaching over 5 million households throughout the country. In the following years, we want to reach new customers, more often than before using contracts with infrastructural partners, such as Światłowód Inwestycje," added Maciej.
According to the agreement signed in April, the APG fund is to pay PLN 1,374 million for 50% of shares in the joint venture Światłowód Inwestycje. The first tranche of PLN 887 million is to be credited to Orange Polska's accounts in the third quarter of this year, and the remaining PLN 487 million will be settled in 2022-2026 adequately to the schedule of investments.
Orange Polska (formerly TPSA and PTK Centertel) is a provider of telecommunications services in Poland. Orange provides, among others mobile and fixed telephony, internet access, TV, and voice over the internet (VoIP) services.