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Swisscom takes over Teleclub operator Cinetrade

November 19, 2017 22.57 Europe/London By Jörn Krieger

Swiss telco Swisscom has fully acquired Swiss media and cinema company Cinetrade, operator of pay-TV broadcaster Teleclub.

Swisscom, previously holding 75% of the shares in Cinetrade, recently purchased the remaining 25% from Cinetrade founder Stephan Sager, a Swisscom spokesman confirmed. He declined to give details on the financial volume of the deal.

Sager will act as a consultant for Cinetrade in future; Cinetrade CEO Wilfried Heinzelmann will remain in his job position.

Cinetrade is involved in the movie and sports rights business, operates pay-TV broadcaster Teleclub and cinema chain Kitag.

Swisscom has been a shareholder in Cinetrade since 2005. In 2013, the telco increased its stake from 49% to 75%.

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Filed Under: Finance, Newsline, Platforms, TV Tagged With: Cinetrade, Kitag, Stephan Sager, Swisscom, Teleclub, Wilfried Heinzelmann Edited: 19 November 2017 22:57

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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