(Sharecast News) - 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.
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
Cordiant Digit. (CORD)