Liberty Global Sells Polish Operations to Play in $1.8 Billion Deal – Global Bulletin
Naman Ramachandran John Malone’s multinational telco Liberty Global — owners of “Fleabag” and “1917” producer All3Media and joint owners with Telefonica of the merged Virgin Media and O2 – has reached an agreement sell its Polish operations to the iliad group’s Polish mobile subsidiary Play.Liberty Global has agreed to sell UPC Poland for a total enterprise value of PLN 7.0 billion ($1.8 billion). The sale price represents a multiple of approximately 9 times UPC Poland’s estimated 2021 adjusted earnings before interest, taxes, depreciation, and amortization, and nearly 20 times its estimated 2021 operating free cash flow.