SSW Pragmatic Solutions has advised Dirlango Trading & Investments Limited, a shareholder of Virgin Mobile Polska, on new January 15, 2018 shareholders’ agreements with Virgin Mobile Polska and Play Communications S.A, represented by Weil.
According to SSW, "by signing one of the agreements, Dirlango Trading & Investments Ltd. formed the basis for a future exit from PLAY – the largest mobile network operator in Poland with its own telecommunications infrastructure." In addition, the firm reports, "among the other agreements, PLAY has been granted a Call Option to acquire all the VMP shares by 2020 at an agreed valuation methodology based on VMP’s one time annual revenue adjusted by certain elements. The agreements also define terms of future cooperation between PLAY and VMP with increased committed revenues by approximately PLN 25 million, up to total of approximately PLN 84 million to PLAY for the 2018-2021."
SSW's team was led by Partner Pawel Chyb and Co-Managing Partner Wojciech Szczepaniak, assisted by Senior Associate Katarzyna Solarz.
The Weil team included Partners Filip Uzieblo and Marcin Iwaniszyn, Senior Associate Jakub Zagrajek, and Associates Jerzy Bombczynski and Anna Porycka.