This marks Montagu’s first direct investment in Poland, and its second investment in Central and Eastern Europe (CEE).
The deal is part of Telekomunikacja Polska, a France Telecom’s unit in Poland, plan to divest non-core assets.
Emitel has a book value of $175m, which will let Telekomunikacja Polska to book an additional $420m in gross income for 2011.
The transaction is expected to close subject to competition clearance from UOKiK – Office of Competition and Consumer Protection.
Michal Chalaczkiewicz, Montagu director responsible for CEE activities said Emitel provides essential services in attractive and growing markets.
"The business has a strong track record of profitability which we hope to build on by expanding the services it provides to broadcasters and telecoms providers across Poland.
"We are excited about working with what we consider to be a first-rate management team, and supporting the business in its next phase of development as an independent operator of broadcasting and telecom infrastructure," Chalaczkiewicz said.
