Stream Communications Network & Media, a broadband cable company, has announced the acquisition of a triple play
network in Suwalki, a city located in northeast Poland.
The acquisition was done through its wholly owned subsidiary, Stream Investments, which was previously called as Streamline Media Sp z o.o. The Stream Communications Board has also announced its plan to invest in green field projects in the Polish cable sector via Stream Investments in non-competing locations with its subsidiary Stream Communications Sp z o.o.
The Suwalki Network is a newly built broadband network with 16,000 homes passed and has the ability to offer the highest quality triple play services; including digital TV, Internet and telephony. Stream Investments paid PLN 7 million for full ownership of the network.
Jan Rynkiewicz President & CEO of Stream Communications said, "The Suwalki project is an exciting opportunity for Stream Investments to develop a dynamic and technically advanced triple play operator and gain market share in an area of Poland that is not served by Stream Poland. Our goal is to invest a portion of the proceeds from the recent transaction with Penta Investments into promising projects of this type in order to continue to realize opportunities in the consolidating Polish cable sector."
Stream Communications offers cable TV, high-speed Internet and VoIP
services in Poland and along with Penta Investments, controls the seventh largest cable operator in Poland, Stream Communications Sp z o.o.
The company said that it is focusing on the densely populated markets of Southern Poland. Via its wholly owned subsidiary Stream Investments Sp z o.o., Stream Communications has said to be developing the greenfield projects in the cable sector in Poland.
Arun Satapathy is a contributing editor for TMCnet. To read more of Arun’s articles, please visit his columnist page.
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