A Leading Operator


Leading operator for TV and radio broadcasting

No. 1

Tower operator in Poland


Terrestrial TV coverage


of households’ primary TV source

The leading owner and operator of nationwide tower infrastructure in Poland. Emitel offers business-critical services to TV and radio broadcasters and transmission services for mobile operators.

A Montagu business

  • Poland’s no. 1 operator of nationwide tower infrastructure owning 377 of the most critical towers at the time of our investment
  • Provider of mission-critical services required for sustained terrestrial TV and radio signal emission and mobile coverage
  • Strong market dynamics in the regulation-driven shift of terrestrial TV from analogue to digital
  • Highly recurring revenue profile underpinned by long-term contracts
  • Carve-out situation with significant value creation potential

Supporting Emitel’s transformation

We supported Emitel in:

  • Driving digitisation of terrestrial TV and radio in Poland by upgrading and transforming the broadcasting infrastructure
  • Diversifying revenue streams and further monetising the infrastructure by expanding its offering into digital radio and transmission services for mobile operators
  • Expanding its customer base and securing new long-term contracts
  • Delivering on a holistic operational optimisation programme

Following successful execution of value-enhancing measures during our ownership, Emitel was sold in November 2013 during a competitive process to infrastructure investor Alinda Capital Partners.