The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Światłowód Inwestycje sp. z o.o. (‘FiberCo’) of Poland by Orange Polska S.A. (‘OPL’) of Poland and APG Asset Management N.V. (‘APG’) of the Netherlands.
FiberCo will be active in the expansion and building of fibre infrastructure in the less dense areas of Poland. Based on this infrastructure, FiberCo will offer wholesale access services. OPL provides fixed and mobile telecommunications services, broadband and Pay-TV services in Poland, and other telecommunications value-added services. APG manages assets for pension funds in various sectors, including education, government construction, energy and utility companies, and infrastructure investments. The Commission concluded that the proposed acquisition would raise no competition concerns since the parties’ combined and individual market shares remain minimal both for horizontal and vertical relationships under all potential market delineations. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.10295.