Acquisition of 100% of shares in DAMI Cable Television

Vectra S.A. is a leader in telecommunications services and a leading cable operator in Poland. It offers state-of-the-art fiber-optic Internet, digital TV, VOD, OTT, mobile, and fixed-line telephony, as well as professional services for business. The group is constantly developing its products, including its TV Smart service, which allows users to enjoy a modern 4K video platform, either traditionally through a set-top box, or via a mobile app, TV, or a web browser. The operator has 4.6 million households in its network coverage.

The first local channel under the name TV Dami was launched in 1992 in Radom, where the operator of the entire network had its headquarters. In subsequent years, with the expansion of the network to cover the area of several cities, residents of Legnica, Jelenia Góra, Wałbrzych, Oświęcim, Ostrowiec Świętokrzyski, Skarżysko-Kamienna, and Rzeszów could also watch their own channels as part of TV Dami. The acquisition of a majority stake by the Polsat Group was followed in turn by the acquisition of TVK Dami by Vectra S.A.

The acquisition was another step in the implementation of the VECTRA Group’s long-standing growth strategy, based on industry consolidation, network modernization, and the introduction of new services. The acquisitions of DAMI Cable Television and Silesian Cable Television, on which we also advised, represented the two largest transactions in the cable TV market during the period.

In January 2020, Vectra finalized the purchase of 100% of Multimedia Polska shares, at the same time becoming the largest cable operator in Poland.

Service: M&A advisory on mergers and acquisitions