CHL acquired the Polish company from the Heritage Venture, which received in exchange a package of shares in CHL.
According to a statement, the transaction is possible by increasing the share capital of the seller. Both the CHL Group and the Heritage Venture are interested developing their businesses in the telecommunications sector and in further Heritage Venture investments in CHL capital, with a view to creating a coherent European brand, recognized as a player on the wholesale telecommunications services market.
Airtime, a company operating in the sector of telecommunications and telephony services, reported revenue of EUR75 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR490,000 in 2018.
Prime Exchange Technologies specializes in the development of communications networks and services.