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.
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 has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone.
The European Commission has approved the acquisition of Liberty Global’s cable business in Germany, the Czech Republic, Hungary and Romania by Vodafone.
Volker Libovsky has joined Austrian telco Magenta Telekom as a new member of the management board.
Eric Tveter steps down, and Robert Redeleanu is appointed CEO, Eastern Europe from July 1.
Following several months of beta-testing, Dutch cabler VodafoneZiggo has now launched the new cloud-based Mediabox Next, and is dropping the ‘old’ Horizon set-top box, which is called Mediabox XL in the Netherlands.
Swiss competition authority WEKO will examine the planned takeover of Liberty Global’s cable subsidiary UPC by telecommunications company Sunrise in greater detail.
The measures proposed by Vodafone to the EU Commission to obtain approval for the acquisition of Unitymedia miss the point, according to German commercial broadcaster association VAUNET.
German cable operator association FRK rejects the concessions proposed by Vodafone to the European Commission to secure approval of its planned acquisition of Unitymedia from Liberty Global.