Cordiant Digital wins nationwide tender for Polskie Radio

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Cordiant Digital Infrastructure Limited NPV

84.20p

15:29 22/11/24

0.72%

0.60p

Digital infrastructure investor Cordiant Digital Infrastructure revealed on Wednesday that its Polish portfolio company has won a nationwide tender to extend digital broadcast coverage to 17 regional radio stations for Polskie Radio.

Equity Investment Instruments

12,091.16

15:44 22/11/24

0.69%

83.33

Cordiant said Emitel will extend the existing coverage of DAB+ digital signal for the state broadcaster from 67% to 88% of Poland's households.

The London-listed firm noted that the contract runs until the third quarter of 2027 and has a gross value of PLN 59.5m (£12.0m), with revenues index-linked to inflation.

Cording added that the contract was a continuation of an existing one held by Emitel and would result in further investments in the expansion of DAB+ coverage, which were expected to lead to "incremental extra revenues "for Emitel.

As of 0930 GMT, Cordiant Digital shares were flat at 67.70p.

Reporting by Iain Gilbert at Sharecast.com