Exatel: who wins the battle?

Two Polish state-owned companies, Research and Academic Computer Network (NASK) and Polish Armaments Group (PGZ) can be willing to acquire Exatel, a telecommunications service provider, reported rpkom.pl. As reported by the newspaper, NASK has recently requested for the audit of the company, which may indicate its plans to fight for Exatel. According to Polish Energy Group (PGE), the current owner of Exatel, a sale of shares is planned at the end of Q2 2017. The value of the company reaches PLN 428m (€100.4m). Exatel shareholders are satisfied, because two prospective buyers can mean higher sales price. At the same time, there are some voices that PGZ does not have enough money to purchase the company. On the other hand, NASK, which generated PLN 65m (€15.2m) net profit in 2015, is supposed to be supported by Polish Development Fund (PFR).