Warburg Pincus Partners with Poland's INEA, Commits Funding for Growth

  • INEA
  • Warburg Pincus
POZNAN, POLAND - INEA, a cable operator in Western Poland, announced that an affiliate of Warburg Pincus, a global private equity firm, has become a strategic minority investor in the business and committed additional funding for growth and consolidation.

Funding will be used to support a major expansion of INEA's next generation access (NGA) network, providing triple-play bundles and high-speed Internet access to homes and businesses across the region, as well as supporting consolidation of the sector.

Since its foundation in 1992, INEA has grown into the leading triple-play operator in the Wielkopolska region and the fourth largest cable operator in Poland. Passing 360,000 homes and serving 170,000 subscribers, INEA provides high-quality telecommunications services over its fully upgraded network, including hotspots throughout Poznan where it also owns a local TV channel. Wielkopolska is the third largest Polish province with a growing population of 3.4 million, and a vibrant economy.

Warburg Pincus will support INEA in the major roll-out of the FTTH technology, extending high-speed broadband access to over 200,000 additional households and a significant number of businesses in Wielkopolska. Part of the investment will be devoted to funding Wielkopolska Sieć Szerokopasmowa, a partnership with the local government which will construct over 2,400 miles of fiber optic backbone and distribution network, putting 95 percent of Wielkopolskie households within a 4 km radius from the closest distribution node. Once completed, INEA's network will be the most advanced in Poland, providing high speed broadband access to over 500,000 homes across the entire Wielkopolska region.

In addition, the investment by Warburg Pincus will support INEA's ability to consolidate the highly fragmented local cable market.

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