Shareholders in Polish cableco Multimedia Polska (MP) have decided to retain their investment in the company, following an analysis of the business’ options. Dow Jones reports that JP Morgan Chase & Co had launched a review of the company’s strategic options in February this year, leading to speculation that the company would be sold. Following the review however, the cableco’s shareholders concluded that the best way to increase the value of MP was implement the company’s current growth strategy.
The company said in a statement: ‘Multimedia Poland maintains a fast pace of development of its business and expects further growth in subscriber base, revenues and profits in 2012 and significant growth in 2013 and beyond. The company intends to continue to invest in its further development, both through further expansion of service offerings television, internet and telephony, and the consolidation of the fragmented market of cable and internet providers in Poland.’