Swiss municipal utilities provider EW Höfe has sold its cable network in Höfe to its long-standing partner UPC Switzerland effective April 1, 2018.
Financial details of the transaction have not been disclosed. The cable network serves around 15,000 homes in the region of Höfe on the upper shores of Lake Zurich.
“For over 30 years, we have been working together successfully with UPC as a provider for communication and entertainment, Now, we are handing over our cable network to our long-standing partner, so that we can guarantee continuity for the customers,” said Arne Kähler, Chairman of the Executive Board of EW Höfe.
Following the sale, EW Höfe will focus on expanding its new fibre-optic network which is set for completion in 2019, offering services such as symmetrical internet, TV and telephony.