Polsat Group, the parent company of Polish Operator Polkomtel, last week announced that it has signed an agreement to acquire Premium Mobile, a leading MVNO in Poland.
After five years since its commercial launch, Premium Mobile currently serves approximately 425 thousand active SIM cards, with approx. 70% of them using contract services. The scale of revenue generated by this company reached PLN 125 million in 2020, increasing dynamically at a rate of +37% YoY.
Within the signed letter of intent, it was stated that the shareholders of PM 1 Mobile Holding, a company representing the originators and founders of Premium Mobile, will receive for their 28.01% stake in Premium Mobile’s share capital the amount of approximately PLN 35.5 million. Polkomtel’s intent is to acquire ultimately the remaining 53.69% stake of shares in Premium Mobile from WBN Holding, with the purchase price for these shares to be implied by the amount of the settlement with PM 1 Mobile Holdings.
Maciej Stec, VP of the Management Boards of Cyfrowy Polsat and Polkomtel
We have been looking at the unique concept and dynamic development of the Premium Mobile brand for years now as its customers are using our Plus network since the very beginning. As opposed to a number of other MVNOs, the founders of Premium Mobile have bet on the contract model; the company has been building its customer base very successfully and has been a clear leader in mobile number portability statistics for some time.
