Faced with strong resistance by its main shareholder, Swiss telecommunications provider Sunrise is giving in and reducing its capital increase for the planned takeover of cable operator UPC Switzerland.
Swiss competition authority approves acquisition of UPC
After an in-depth examination, Swiss competition commission WEKO has decided to raise no objections against the acquisition of Liberty Global subsidiary UPC Switzerland by Sunrise and has approved the transaction.
FRK to take legal action against Vodafone/Unitymedia merger
German cable operator association FRK intends to take legal action against the European Commission’s decision to approve the acquisition of Liberty Global’s German cable subsidiary Unitymedia by Vodafone.
Liberty Global’s former Central Europe CEO invests in Veloce Esports
Eric Tveter, former Central Europe CEO of Liberty Global, has become a major investor and the first chairman of London-based start-up Veloce Esports.
Sky could invest in Liberty Global fibre network
Sky is in talks over a potential investment that could see it join Liberty Global in the build of a new fibre network to compete with BT.
Liberty Global stays committed to UPC/Sunrise deal
Liberty Global remains committed to selling its Swiss cable subsidiary UPC to local telco Sunrise under the agreed terms.
UPC Switzerland gears up for 1Gbps internet
Swiss cable operator UPC is currently preparing the introduction of 1Gbps internet access which it wants to make available on its entire network later this year.
Freenet opposes UPC acquisition by Sunrise
German media company Freenet, a major shareholder in Sunrise, will vote against the Swiss telco’s proposed takeover of cable operator UPC Switzerland, arguing that the price was too high and the conditions unfavourable.
Virgin Media video subscriber losses hurt Liberty Global
Weakness in Virgin Media is hurting Liberty Global, which lost 29,000 RGUs in the second quarter, as compared to a gain of 41,000 RGUs in the prior-year period. This was despite improved performances in the remaining CEE operations, as well as Switzerland and Telenet.
Liberty Global completes Vodafone cable deal
Liberty Global has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone.
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