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).
The possible acquisition of Liberty Global’s Swiss cable operator UPC Schweiz by Swiss telecommunications company Sunrise Communications Group is further taking shape.
Swiss telecommunications company Sunrise has confirmed that it is in discussions with Liberty Global regarding a possible acquisition of its Swiss cable subsidiary UPC Schweiz.
Swiss telecommunications company Sunrise is apparently in advanced talks to buy Liberty Global’s cable business in Switzerland, UPC.
Eric Tveter, outgoing CEO of Switzerland’s largest cable operator UPC, is in favour of merging his company with another market player.
Swiss cable operator UPC will launch new sports channel MySports One on August 14, 2018.
Severina Pascu, currently COO of UPC Switzerland, will succeed Eric Tveter as CEO from September 1.
Swiss municipal utilities provider EW Höfe has sold its cable network in Höfe to its long-standing partner UPC Switzerland effective April 1, 2018.
Liberty Global considers strengthening its Swiss cable subsidiary UPC through acquisitions.
The new sports channel MySports Swiss cable operator UPC launched in September 2017 has gained around 45,000 subscribers by the end of 2017.