Update on Final Regulatory Clearance for Emitel Acquisition
Cordiant Digital Infrastructure Limited
Update on Final Regulatory Clearance for Emitel Acquisition
Cordiant Digital Infrastructure Limited (the “Company”), an investor in the core digital infrastructure that enables modern communications and the internet, today advises that the final regulatory clearance process, for the acquisition of Emitel S.A. (“Emitel”), the Polish multi-asset digital infrastructure platform, remains ongoing.
The final regulatory clearance remains with the Polish Minister of the Interior (“MoI”), as part of a multi-stage approvals process. The Company has been notified by the MoI that the clearance process has been extended to 21 November 2022. The parties to the acquisition of Emitel continue to engage with the MoI as necessary in relation to the application.
Emitel’s assets include a network of over 500 communication towers, a supporting fibre-optic network and a nationwide ‘Internet of Things’ sensor network, serving utilities and municipalities. Emitel has a predominantly ‘blue-chip’ client base of leading telecommunications and media companies in Poland.