Poland Point

Poland-based Stream Communications Network & Media has announced that Stream Poland, controlled by Stream Communications and Penta Investments, has closed the acquisition of internet provider Homenet Technologies with a network located in Gdansk, Poland, for  9 million PLN.

According to Stream Communications, as of June 30, 2008, Homenet had 5,850 revenue generating units (RGUs), that include internet, VoIP, and AV (Analog Video) subscribers. The number of Homenet RGUs will be verified by the end of November 2008, and the transaction price could be adjusted accordingly.

Jan Rynkiewicz, president and CEO of Stream Communications, said: "The acquisition of Homenet increases Stream Poland's subscriber base and strengthens its market position in Northern Poland, where on June 12, 2008 we announced that Stream Poland had secured an acquisition of a cable and internet service provider of approximately 19,000 RGUs."

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[source: datamonitor.com]

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