Swiss telecommunications company Sunrise has agreed to acquire cable operator UPC Switzerland, a wholly-owned subsidiary of Liberty Global, for an enterprise value of CHF6.3 billion (€5.5 billion).
Eric Tveter, outgoing CEO of Switzerland’s largest cable operator UPC, is in favour of merging his company with another market player.
Severina Pascu, currently COO of UPC Switzerland, will succeed Eric Tveter as CEO from September 1.
Swiss cable operator UPC will change the mobile network it uses for its mobile services by moving from Orange to Swisscom.
UPC is creating a new consumer division by merging the activities of marketing, sales and customer operations into one entity.
Switzerland’s largest cable operator UPC has commenced offering all of its services to the residents of Lausanne via the local fibre optic network.
Liberty Global will unify the names of its cable subsidiaries in Austria and Switzerland under the joint label UPC, the umbrella brand of its European cable assets.
Liberty Global will bundle its operations in Central and Eastern Europe with its Austrian and Swiss subsidiaries UPC Austria and UPC Cablecom.
CTAM Eurosummit’15, Amsterdam. Eric Tveter is stepping down as CTAM Europe’s chairman, and the organisation will now have a dual chairmanship.
Liberty Global is combining its cable assets in Austria and Switzerland into a single organisation based in Zurich.