UPC Czech plans to buy Sloane Park Property Trust (SPPT), a company that offers internet connectivity on a wholesale basis and has its own extensive fibre optic network.
According to E15, the proposed acquisition of SPPT, which is understood to be worth around CZK450 million (€15.4 million), has been referred to the Office for the Protection of Competition (UOHS).
Although SPPT supplies services for mostly smaller providers, it also lists UPC Czech amongst its clients.
SPPT posted a profit of CZK17.9 million in 2008, down from CZK48.5 million a year earlier. It is capitalised at CZK177 million.
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