Emitel has signed a loan agreement with a consortium of six banks, under which it secured its financing of PLN 1.5 billion, with an option to increase to PLN 1.6 billion upon certain conditions. The loan was granted by a group of banks supporting the Company, ensuring most favorable conditions could be achieved.

The loan will be used to repay the debt resulting from the loan agreement signed in 2016 and, depending on the Company’s requirements, to finance operating activities of the Company and the investments related to Emitel’s development plans. The contract was concluded for 3.5 years. Closing (release of funds) will take place in the near future, following the satisfaction of the conditions precedent.

“Our usual approach is to refinance credit liabilities duly in advance, and today’s agreement continues this policy. We have obtained optimal conditions for the Company, and ensured a stable source of financing for our business. I thank all the financing banks for their trust and positive assessment of our long-term business assumptions,”- said Aleksander Skołożyński, Emitel’s Management Board Member and CFO.

The loan is denominated in PLN and its interest rate was determined on the basis of the base rate plus a margin. The remaining terms of the loan are also in line with market conditions.

“In the coming years, Emitel will have to carry out a large-scale refarming project of the 700Mhz band, and change the broadcasting standard to DVB-T2. In addition, the Company intends to further invest in the telecommunications infrastructure, in particular for mobile operators in connection with the planned development of the 5G network in Poland. Therefore, ensuring stable financing of Company’s operations for the coming years is key,” – said Jim Metcalfe, Managing Partner of Alinda Capital Partners, and Member of the Supervisory Board of Emitel.

The consortium of banks with which the agreement was signed comprised Bank Handlowy w Warszawie S.A., Bank Pekao S.A., DNB Bank ASA, DNB Bank Polska S.A. (acting also as the agent), PKO Bank Polski S.A. and Société Générale.


EMITEL S.A., a company belonging to the American fund Alinda Capital Partners, is the largest terrestrial radio and television infrastructure operator in Poland. For over 50 years, thanks to Emitel, television and radio signals can be received in all Polish homes. In addition to services for television and radio broadcasters, Emitel offers altitude infrastructure for mobile operators, designs, and installs modern wireless communication systems, participates in the creation of smart cities, and is involved in the preparations for the construction of 5G networks in Poland.